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House purchase lending up five per cent in November

On an unadjusted basis, in November:

• Home-owners borrowed £11bn for house purchases, up five per cent month-on-month and two per cent year-on-year. They took out 60,800 loans, up five per cent on October and up 0.2 per cent on November 2015.

• First-time buyers borrowed £4.7bn, up four per cent on October and nine per cent on November last year. This equated to 30,100 loans, up five per cent month-on-month and eight per cent year-on-year.

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