House Purchase Lending Up 5%

On an unadjusted basis, in November:

·         Home-owners borrowed £11bn for house purchase, up 5% month-on-month and 2% year-on-year.

·         First-time buyers borrowed £4.7bn, up 4% on October and 9% on November last year. This equated to 30,100 loans, up 5% month-on-month and 8% year-on-year.

·         Home movers borrowed £6.3bn, up 7% on a month ago but down 5% compared to a year ago.

·         Remortgage activity totalled £5.8bn, down 5% on October but up 14% compared to a year ago.

·         Landlords borrowed £3.2bn, up 10% month-on-month but down 9% year-on-year.

Read more on the CML website.