Home Buyers Up 27% In March

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

·         Home buyers borrowed £11.2bn, up 24% on February but down 19% on March 2016.

·         First-time buyers borrowed £4.9bn for home-owner house purchase, up 29% on February and 9% on March 2016.

·         Home movers borrowed £6.2bn, up 19% on February but down 33% year-on-year.

·         Home-owner remortgage activity was up 13% by value and 14% by volume on February. Compared to March 2016, remortgage lending was up 22% by value and 24% by volume. 

·         Gross buy-to-let saw month-on-month increases, up 4% by value and 8% by volume. Compared to March 2016 the number of loans decreased 58% and the amount borrowed decreased by 60%.

Read more on the CML website.