First-Time Buyer Lending Up 25%

On an unadjusted basis, in June:

·         Home-owners borrowed £12.3bn for house purchase, up 29% month-on-month and 12% year-on-year. They took out 68,200 loans, up 26% on May and 8% on June 2015.

·         First-time buyers borrowed £5.5bn, up 28% on May and 25% on June last year. This equated to 34,300 loans, up 24% month-on-month and 17% year-on-year.

·         Landlords borrowed £2.9bn, up 12% month-on-month but down 15% year-on-year. This came to 18,300 loans in total, up 8% compared to May and down 17% compared to June 2015.

·         Home movers borrowed £6.9bn, up 33% on May and up 5% compared to a year ago. This represented 33,900 loans, up 28% month-on-month and up 0.3% on June 2015.

Read more on the CML website.