Home loans in Scotland reach highest level since 2008, latest CML data shows

The number of loans for house purchase in Scotland reached its highest level since the second quarter of 2008 in the fourth quarter of 2013, the latest data from the Council of Mortgage Lenders shows. As in the UK overall, lending to home owners for house purchase in Scotland increased in the fourth quarter, with 15,400 loans in total being advanced, up by 3% compared to the third quarter of 2013 and up by 24% compared to the fourth quarter of 2012. The value of these loans in this period also i...