CML: Buyers borrowed £9.6bn in April

16th June 2017

Figures from the CML show home buyers borrowed £9.6bn in April, down 14% on March’s total but up 19% on April 2016. April saw 51,200 buyers taking a loan, a 16% drop on the previous month. First time buyers borrowed £4..1bn, a fall of 16% compared to March but up 8% on a year ago, while movers took £5.5bn, an 11% decline on the month before but up 28% year-on-year. Buy-to-let loans were down 17% on March but roughly the same as April 2016’s figure.

The Daily Telegraph (13/06/2017)