UK Mortgage Approvals Dip as Time Ran Out to Beat Tax Hike

The housing market now appears set for a period of stagnation, with buyers no longer benefiting from stamp duty relief.
Photographer: Jason Alden/Bloomberg

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By Andrew Atkinson and Tom Rees

May 1, 2025 at 4:40 AM EDT

Updated on

May 1, 2025 at 5:50 AM EDT

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UK mortgage approvals fell for a third month in March as house hunters ran out of time to tie up purchases before a property transaction tax went up at the start of April.