Mortgage lending for house purchases totalled £10.7bn in November – up 18% on the same month in 2014, although a monthly drop of 9%.
Altogether there were 60,100 house purchase loans.
First-time buyers took out 27,900 loans, up 20% year on year but an 8% monthly drop.
Home movers took out 32,000 loans, representing a 10% monthly drop but a 9% annual uplift.
There were also 23,300 buy-to-let loans, up nearly 35% from November 2014’s figure of 17,300.
The figures are from the Council of Mortgage Lenders.
if there is more lending activity then why are agents seeing a downturn in instructions. Surely not all of this lending is related to new builds?
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register