Britain’s housing market has got off to the worst start to a year since 2015 as buyers have slammed on the brakes, sending demand for mortgages through the floor and stunting prices.
In February 63,900 mortgages were given to home buyers, the Bank of England said, down steeply from 68,700 a year earlier.
Demand for loans fell at the steepest pace since the aftermath of the Brexit vote, with landlords and owner-occupiers cutting back.
