House purchase lending in Scotland increased by 8% in the third quarter of 2011, according to new data from the Council of Mortgage Lenders (CML). There were 12,400 loans taken out (up from 11,500 in the previous quarter) of which 4,600 were advanced to first-time buyers. Home movers took out 7,800 loans, and there were [...]
Council of Mortgage Lending
House purchase lending shrinks 12%
Mortgage lending increased only slightly in February, despite a “particularly downbeat” January, the Council of Mortgage Lenders (CML) reports. There were 32,300 loans for house purchase, worth £4.6 billion. The figures were up 8% by volume and 5% by value from January but down 12% (by both volume and value) on an annual basis. Loans [...]
