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Digital Subscriptions > The Oban Times & Lochaber Times > 2nd June 2016 > Scotland house purchase lending up 7% in the first quarter of 2016

Scotland house purchase lending up 7% in the first quarter of 2016

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.

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