Lending to first-time buyers and home movers increased in February, according to the Council of Mortgage Lenders (CML). During the month, 14,100 loans worth £1.7 billion were taken out by first-time buyers, up 8% by number and 6% by value from January and up 18% by number and 21% by value year-on-year. February was the [...]
home movers
Mortgage lending figures encouraging
Lending to first-time buyers and home movers increased in February, according to the Council of Mortgage Lenders (CML). During the month, 14,100 loans worth £1.7 billion were taken out by first-time buyers, up 8% by number and 6% by value from January and up 18% by number and 21% by value year-on-year. February was the [...]
First time buyer number shrink
Low interest rates have helped make today’s first-time buyer mortgages the most affordable for nearly eight years, according to the Council of Mortgage Lenders (CML), with monthly interest payments now typically consuming only 12.3% of first-time buyer income. However, in October those new to home ownership took out just 16,400 loans, or 1% fewer than [...]
