Thursday, 20 October 2016

August House Purchase Lending Up 11%

in August:
·         Home-owners borrowed £12.2bn for house purchase, up 14% month-on-month and 11% year-on-year. They took out 66,000 loans, up 13% on July and 9% on August 2015.
·         First-time buyers borrowed £5.1bn, up 13% on July and 24% on August last year. This equated to 31,800 loans, up 12% month-on-month and 19% year-on-year. 
·         Home movers borrowed £7.1bn, up 15% on July and 3% compared to a year ago. This represented 34,200 loans, up 14% month-on-month and 1% on August 2015.
·         Remortgage activity totalled £5.9bn, down 2% on July but up 41% compared to a year ago.

Read more on the CML website.

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