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Welsh lending rises by 9pc

Sarah Davidson

February 26, 2015

First-time buyers were especially active in 2014, advancing 12,100 loans valued at £1.3bn which represents an increase of 14% in volume and 20% in value.

Remortgage lending was more subdued, as there were 12,800 loans totalling £1.3bn, as volumes fell by 13% and total loan values fell by 7% from 2013.

Homemover activity was steady, as 14,000 loans were advanced worth £1.8bn, up 4% and 11%.

In the fourth quarter of 2014 first-time buyers took out 3,200 loans (unchanged from Q3), homemovers took out 3,700 (down 3%) and remortgages took out 3,200 (up 3%).


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