Month: November 2013

House Purchase Lending up 23% Year on Year


The Scottish residential property market is seeing its highest quarterly lending levels since the middle of 2008, according to the latest data from the Council of Mortgage lenders.

An increasing number of borrowers took out a mortgage loan for house purchase in the third quarter of 2013 and first time buyer and home mover levels also rose with overall home owner lending for house purchase increasing by 23% year on year. The full article can be read at the Council of Mortgage Lenders website.