Rise in first-time buyer numbers pushes up mortgage lending | Mail Online
A small improvement in the mortgage market in February was driven by an increase in the number of first-time buyers, figures revealed today.
The total number of mortgages increased in February, up 8 per cent by volume to 32,000 and 5 per cent in value to £4.6 billion, the Council of Mortgage Lenders said.
First-time buyers made the largest contribution, the CML said, with 12,400 mortgages worth £1.4 billion, a 13 per cent increase in volume from January.
However, total mortgages were down 12 per cent year on year, in both value and volume, the CML added.
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