Home Buyer Activity In April Down On March But Up On A Year Ago

On a non-seasonally adjusted basis, lending in April:

·         Home buyers borrowed £9.6bn, down 14% on March but up 19% on April 2016.

·         Within this, first-time buyers borrowed £4.1bn, down 16% on March but up 8% on April 2016.

·         Meanwhile, home movers borrowed £5.5bn, down 11% on March but up 28% year-on-year.

·         Home-owner remortgage activity was down 16% by value and 18% by volume on March.

·         Gross buy-to-let saw month-on-month decreases, down 17% by value and 16% by volume.

Read more on the CML website.