Mortgage lending reaches a record high

The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.

“After the roller-coaster ride of the stamp duty holiday, activity levels in the UK housing market will feel tame by comparison in the final months of this year," says Knight Frank research chief Tom…

House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove;