The Council for Mortgage Lenders (CML) has recently published its latest statistics on home-owner lending, for April 2016.
On an unadjusted basis, the figures show that in April 2016:
- Home-owners borrowed £8.1bn for house purchase, down 40% month-on-month and 4% year-on-year. They took out 47,300 loans, down 31% on March and 5% on April 2015.
- First-time buyers borrowed £3.9bn, down 11% on March but up 15% on April last year. This equated to 25,100 loans, down 9% month-on-month but up 7% year-on-year.
- Home movers borrowed £4.3bn, down 53% on March and 14% compared to a year ago. This represented 22,200 loans, down 46% month-on-month and 15% on April 2015.
- Remortgage activity totalled £6bn, up 25% on March and 40% compared to a year ago. This came to 34,800 loans, up 23% month-on-month and 30% compared to a year ago.
- Landlords borrowed £2.5bn, down 65% month-on-month and 7% year-on-year. This came to 16,100 loans in total, down 64% compared to March and down 10% compared to April 2015.
The CML has also confirmed that it now publishes seasonally adjusted monthly and quarterly data, alongside the normal unadjusted data, making it easier to spot underlying trends.