FTB & BTL LENDING UP BY MORE THAN 10%

Data that CML have just published shows that lending to all types of buyer increased in 2012

2012 is the first year since the financial crisis in which the number of loans advanced to both first-time buyers and buy-to-let investors increased by more than 10%. The only other post-crunch year in which lending to both types of borrower increased was 2010. But then the number of loans to each grew by just 1%.

The CML data show that lenders advanced more than 216,000 loans to first-time buyers last year. That was the highest annual total in five years, 13% more than in 2011, and the first time since 2007 that the number of first-time buyer loans has exceeded 200,000