Thursday 11 August 2011

MyIntroducer.com | News | Mortgage market sees highest number of FTBs since August

MyIntroducer.com | News | Mortgage market sees highest number of FTBs since August

June saw the highest number of mortgages taken out by first-time buyers in 10 months, according to data released today by the Council of Mortgage Lenders.

There were 18,100 loans to first-time buyers, worth £2.2 billion, 24% higher by volume and 29% higher by value than in May. June's first-time buyer numbers were exactly the same as in last August, but 8% lower by volume and value than in June 2010.

Home movers took out 28,600 loans, worth £4.6 billion, in June - up from 23,800, worth £3.7 billion in May, but down from 32,800 loans, worth £5.3 billion, in June 2010.


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