Thursday, October 9, 2014
Even more good news!
Buy-to-let lending fell 13% over the month to Ã‚Â£2.1 billion in August, but increased 11% compared to August last year. First-time buyer lending declined in August compared to July, with 28,900 first-time buyer loans - 4% fewer than in July but 9% up on August 2013. By value, there was Ã‚Â£4.4 billion of lending to first-time buyers - 4% down on July but 22% higher than August last year. Lending to home movers also declined, with the number of loans advanced to movers totalling 36,500, a 3% fall on the previous month but up 7% on August last year. By value, lending to movers totalled Ã‚Â£7 billion, 3% down on July but up 17% on August last year.