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  • UK mortgage lending grew fastest on record in March largely driven by the extension of stamp tax duty holiday, the Bank of England said Tuesday. The lending secured on dwellings increased by GBP 11.8 billion in March, which was the strongest since the series began in April 1993. The number of mortgage approvals fell to 82,735 in March from 87,385 in February. The BoE said the strong borrowing was driven by the expected ending of the temporary stamp duty tax relief at the end of March, which has now been extended to the end of June.

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