First-time buyer lending up 74%
CML members are banks, building societies and other lenders who together undertake around 95% of residential mortgage lending in the UK. There are 11.3 million mortgages in the UK, with loans worth more than £1.2 trillion.
Remortgaging activity was flat in the month, with the £3.6 billion advanced unchanged from February and lower than March last year.
Overall there were 51,200 loans for house purchase and remortgage, an increase of 44% on February.
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