HOME-BUYERS borrowed £2.2bn for house purchase, up 23 per cent quarter-on-quarter but down one per cent year-on-year. They took out 16,500 loans, up 23 per cent on the previous quarter but down four per cent compared to the second quarter 2015.
First-time buyers borrowed £920m, up 42 per cent on the first quarter and two per cent on the second quarter last year. This equated to 8,500 loans, up 39 per cent quarter-on-quarter and four per cent year-on-year.
Home movers borrowed £1.2bn, up 11 per cent quarter-on-quarter but down five per cent compared to a year ago. This totalled 8,100 loans, up 11 per cent quarter-onquarter but down nine per cent on quarter two 2015.