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Our quarterly parliamentary newsletter, Housing finance at a glance, gives a brief overview of current issues in the housing and mortgage markets. It is specifically written and distributed to all MPs, and members of the House of Lords who have an interest in housing issues.
60% of the house purchase loans taken out in Northern Ireland in the first quarter of 2012 were to first-time buyers, according to new data released today from the Council of Mortgage Lenders in Northern Ireland. This was up from 58% in the final quarter of last year and the highest proportion since 2001.
As expected, the end of the stamp duty concession led to a surge in activity in the mortgage market in March, according to new data released today by the Council of Mortgage Lenders.
New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), according to the Council of Mortgage Lenders.
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.
Gross mortgage lending in March was an estimated £13.4 billion, according to the Council of Mortgage Lenders. This represents a 30% rise from £10.3 billion in February and a 17% rise from March 2011 (£11.4 billion).
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