On an unadjusted basis, lending in the first quarter:
• Home-owners borrowed £1.8bn for house purchase, down 22% quarter-on-quarter but up 1% year-on-year. They took out 13,500 loans, down 22% on the previous quarter but up 7% compared to the first quarter in 2015.
• First-time buyers borrowed £660m, down 24% on the fourth quarter 2015 but up 10% on the first quarter last year. This totalled 6,200 loans, down 23% quarter-on-quarter but up 11% year-on-year.