There was an increases in new buyer home lending in regional parts of the UK in the first quarter of 2019, the latest mortgage industry figures show, with Scotland stronger than Wales.
In Scotland there were 6,760 new first time buyer mortgages completed in Scotland, up 4.5% compared to the same quarter in 2018. Additionally, there were 6,620 new home mover mortgages, up 6.6%, according to the figures from UK Finance.
The data also shows that there were 9,670 new home owner remortgages completed in Scotland, up 18.8%, the highest volume of remortgaging in Scotland in a decade, when 9,850 remortgages were completed in the third quarter of 2009.
There were 3,450 new first time buyer mortgages completed in Wales, a rise of 1.2% and 3,140 new home mover mortgages, a rise of 1%. There were 4,810 new home owner remortgages, a fall of 0.2% and the UK Finance report points out that this follows a period of strong growth in remortgaging in Wales during 2018.
In Northern Ireland there were 2,440 new first time buyer mortgages completed, up 11.4% and 1,490 new home mover mortgages, a fall of 0.7%. There were 2,820 new home owner remortgages completed, up 24.8% to the highest level of remortgaging in Northern Ireland since the first quarter of 2009, when 3,280 remortgages were completed.
There were 9,410 new first time buyer mortgages completed in London, a rise of 1.6%, and 5,980 new home mover mortgages, down 3.7% while there were 14,170 new home owner remortgages, a fall of 1.3%.