There were more house purchase loans to first-time buyers than to home movers for a third month in a row during June.

Lending to first-timers was the highest for nearly nine years – meaning that levels have returned to what they were before the housing market crash.

On a monthly basis, the number of loans to first-time buyers was up 24%, and on a yearly basis up 17%.

There were 34,330 house purchase loans to first-time buyers in June, compared with 33,900 to home movers, says the Council of Mortgage Lenders.

Both figures were up from the previous month, which were 27,600 and 26,400 respectively.

In June 2015 there were 29,400 house purchase loans to first-time buyers and 33,800 to home movers.

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Eddie Ellis MNAEA
Director
JP & BRIMELOW Chorlton