U.K. Home Loans Surge Most Since 2007 in Tax Deadline Rush

Updated on
  • Consumer credit also spiked in March, Bank of England says
  • Bank loans to non-financial businesses fell on the month

Rows of houses are seen in this aerial photograph taken above London, U.K., Thursday, November 9, 2006. HBOS Plc, Britain's biggest lender, plans to offer mortgages that exceed the value of customers' homes as first-time buyers struggle to enter the housing market, the Financial Times reported, without saying how it got the information.

Photographer: Suzanne Plunkett/Bloomberg

U.K. mortgage lending surged by the most since October 2007 last month, a further sign of the stampede for investment properties before a tax rise took effect in April.

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