Increase in first-time buyer home lending

Lending to first time buyers is up in the first quarter of 2019, according to figures from UK Finance.
In Scotland there were 6,760 new first-time buyer mortgages completed in Scotland, a 4.5% increase from the same quarter last year.
Furthermore, there were 6,620 new home mover mortgages, an increase of 6.6%.
The figures also found that there were 9,670 new home owner remortgages completed in Scotland, the highest volume of remortgaging in Scotland in a decade.
There were 3,450 new first-time buyer mortgages completed in Wales, a rise of 1.2%.
In Northern Ireland there were 2,440 new first-time buyer mortgages completed, an increase of 11.4%.
There were 9,410 new first-time buyer mortgages completed in London, a rise of 1.6%.

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