Scottish mortgage market recovering – but slower than UK as whole

House purchase activity in Scotland continued to pick up in the final three months of 2009, according to new data released by the Council of Mortgage Lenders today.

There were 14,200 loans for house purchase in the fourth quarter (worth £1.6 billion)  – up 4% by number and 5% by value from the preceding three months. Growth in the Scottish market was a little slower than in the UK as a whole – which saw a 9% increase in house purchase activity in the fourth quarter and a 62% increase year on year.

Read the whole article here.
Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.