Home buyers down 12% on last year:

Written by Estate Agent Networking UK on - Breaking News -

Home buyers up 27% in March compared to February but down 12% on last year… We’ve had a busy year in all what with Trump and Brexit!

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

  • Home buyers borrowed £11.2bn
  • First-time buyers borrowed £4.9bn for home-owner house purchase
  • Home movers borrowed £6.2bn
  • Home-owner remortgage activity was up 13% by value and 14% by volume on February
  • Gross buy-to-let saw month-on-month increases, up 4% by value and 8% by volume

On a non-seasonally adjusted basis, lending in the first quarter:

  • Home buyers borrowed £28.6bn, down 13%
  • First-time buyers borrowed £12.3bn for home-owner house purchase, down 13% on the fourth quarter 2016
  • Home movers borrowed £16.2bn, down 12% on the previous quarter
  • Home-owner remortgage activity was up 12% by value and 11% by volume on the previous quarter
  • Gross buy-to-let saw quarter-on-quarter decreases, down 2% by value and 1% by volume

CML website is one of the better online platforms to research the latest factual content on borrowing in the UK property housing market. Full report on todays latest news can be seen here: https://www.cml.org.uk/news/press-releases/march-2017-lending-press-release/?utm_source=CML%20email%20alerts&utm_medium=email&utm_campaign=CML%20alerts

Author: Estate Agent Networking UK

We share news updates and posts from within in the industry. All content shared via this Estate Agent Networking user account are third party and not that of our team.

venitoo-advert-banner

Share
 

Recent Popular Articles


FAMILIES NOW MOST COMMON HOUSEHOLD IN PRIVATE RENTED SECTOR


Families are the most common household type in the private rented sector (PRS) for the first time, according to the latest research from the National


Property Ombudsman backs national approval scheme that protects £51billion consumer spending


Consumers are urged to check if their trader is one of the 43,000 businesses following an approved Code of Practice and listed on the Approved


Go to Jail, Do not Pass Go, Do not Collect £200,000:


£200,000 was the amount that was said to have been collected illegally by Harpreet Garcha via his Belvoir letting franchises in Kettering, Desborough and Corby.


London Marathon


I thought it would be a good idea today to take a break  from the normal topics of House Prices, General Election, this Portal and


It’s positive that lending to first time buyers has continued to increase throughout 2017 comments Richard Sexton


Comment from Richard Sexton, director at e.surv, following the latest CML monthly lending figures. “It’s positive that lending to first time buyers has continued to