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Digital Subscriptions > The Oban Times & Lochaber Times > 8th September 2016 > Scotland house purchase lending up 23 per cent in second quarter

Scotland house purchase lending up 23 per cent in second quarter

Scotland house purchase and remortgage lending in the second quarter

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.

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