Nicola Barclay An annual fall in home mover lending figures highlights the negative impact the Land & Buildings Transaction Tax is having on potential home buyers, according to industry body Homes for Scotland.
The number of loans issued to first-time buyers in Scotland has increased by 5%, according to latest data from the Council of Mortgage Lenders (CML). During the fourth quarter of last year, first-time buyers borrowed £910 million, down 3% on the previous quarter but up 5% on same period in 2015.
Nicola Barclay Homes for Scotland has welcomed new figures from the Council of Mortgage Lenders (CML) showing more loans advanced to first-time buyers in Scotland during the third quarter of 2016 than any other since 2007.
More loans were advanced to first-time buyers in Scotland during the third quarter of 2016 than any other since the third quarter of 2007, according to the Council of Mortgage Lenders (CML). First-time buyers also borrowed more this quarter than any other quarter since CML records began.
The amount of money borrowed by Scottish home buyers is 23 per cent higher than the previous quarter, according to figures by the Council of Mortgage Lenders (CML). Home buyers borrowed £2.2 billion for house purchases, which was up 23 per cent quarter-on-quarter but down 1 per cent year-on-year. T
First-time buyers across the UK borrowed up to £5.5 billion in June, an increase of 25 per cent from the same period last year and up 28 per cent on the previous month. The latest data from the Council of Mortgage Lenders (CML) showed that the figure equated to 34,300 loans, up 24 per cent month-on
Homeowners in Scotland borrowed £1.8 billion for house purchase during the first three months of this year, the highest total borrowed for house purchase in the first quarter of a year north of the border since 2010. The total was down 22 per cent quarter-on-quarter but up 1 per cent year-on-year.
The main trade body representing mortgage lenders in Scotland has vowed to work with the newly elected Scottish Government and others on implementing a range of housing market initiatives. Representatives of CML Scotland met fellow housing industry professionals and contacts from government, chariti
Paul Smee Low interest rates have kept the number of homes repossessed in the UK falling during the course of the second quarter of the year, new data from the Council of Mortgage Lenders (CML) has revealed.