First-Time Buyer Activity Continues To Grow In June

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

• First-time buyers borrowed £5.9bn, up 26% on the previous month and 9% on June 2016.
• Home movers borrowed £7.8bn, up 26% on May and 15% year-on-year.
• Home-owner remortgage activity totalled £6bn, up 5% by value on May and 7% on a year ago.
• Gross buy-to-let totalled £3.0bn, up 3% on May and up 3% compared to June 2016.

Read more on the UK Finance website.