Lending to first time buyers up in first quarter of 2019

There was an increases in new buyer home lending in regional parts of the UK in the first quarter of 2019, the latest mortgage industry figures show, with Scotland stronger than Wales. In Scotland there were 6,760 new first time buyer mortgages completed in Scotland, up 4.5% compared to the same quarter in 2018. Additionally, there were 6,620 new home mover mortgages, up 6.6%, according to the figures from UK Finance. The data also shows that there were 9,670 new home owner remortgages completed in Scotland, up 18.8%, the highest volume of remortgaging in Scotland in a decade, when 9,850 remortgages were completed in the third quarter of 2009.

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