Home Buyers Up 12% In May Compared To April

On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose:

·         Home buyers borrowed £10.8bn, up 10% on April and 16% on May 2016.

·         Within this, first-time buyers borrowed £4.7bn, up 12% both on last month and on May 2016.

·         Home movers borrowed £6.2bn, up 11% on April and 22% year-on-year.

·         Home-owner remortgage activity was up 10% by value and 9% by volume on April.

·         Gross buy-to-let totalled £2.9bn in May, up 16% on April and 12% compared to May last year.

Read more on the UK Finance website.