Home lending in Wales up year on year but down on quarterly basis

Lending to home owners in Wales increased by 25% year on year in the first quarter of 2016, according to the latest data from the Council of Mortgage Lenders (CML). On an unadjusted basis home owners borrowed £850 million, but while this was up 29% year on year it was down 16% quarter on quarter. They took out 6,600 loans, down 16% on the previous quarter but up 25% compared to the first quarter of 2015. First time buyers borrowed £330 million, down 20% on the fourth quarter 2015 but up 22% on...