Lending across all housing sectors in UK up in October, latest data shows

House purchase lending increased in the UK by 8% in October with all sectors, including first time buyers seeing a rise, according to the latest data from the Council of Mortgage Lenders (CML). A breakdown of the figures show that first time buyers borrowed £4.6 billion for house purchases, up 10% on September and October last year. This totalled 29,900 loans, up 8% month on month and 3% year on year. First time buyer lending grew for the second month in a row, to be the joint highest monthly l...