The mortgage market experienced a pre-summer boost in May as lending to first-time buyers and home movers increased, figures suggest.
Data from banking trade body UK Finance shows that the number of approvals for first-time buyer mortgages increased 8.1% annually to 32,200, while home mover loans increased 4.4% to 31,100 over the same period.
Remortgaging continue to see a climb, up 7.1% annually in May to 36,000.
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