June saw the highest number of mortgages taken out by first-time buyers in 10 months, according to data released today by the Council of Mortgage Lenders (CML).

There were 18,100 loans to first-time buyers, worth £2.2 billion, 24% higher by volume and 29% higher by value than in May. June's first-time buyer numbers were exactly the same as in last August, but 8% lower by volume and value than in June 2010.

Home movers took out 28,600 loans, worth £4.6 billion, in June - up from 23,800, worth £3.7 billion in May, but down from 32,800 loans, worth £5.3 billion, in June 2010.

Overall, there were 46,700 loans for house purchase, worth £6.7 billion, in June, up 22% in volume and value from May, but down 11% by volume and 13% by value on June 2010.

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Remortgaging was unchanged in June, totalling 30,700 loans worth £3.8 billion. Unlike lending for house purchase, however, remortgaging was up 10% by volume and 9% by value on June 2010.

Lending for house purchase increased in the second quarter. Between April and June, there were 122,000 loans for house purchase, worth £17.6 billion, up from 97,200, worth £14.1 billion, in the first quarter. But lending for house purchase was lower than in the second quarter last year, when there were 138,300 loans, worth £20 billion.

Between April and June, lenders advanced 87,600 remortgaging loans, worth £10.8 billion, down from 92,700, worth £11.2 billion, in the first quarter, but up from 78,400, worth £9.8 billion, in the second quarter of 2010.

Commenting on the data, CML Director General Paul Smee said: "Whilst there are clearly financial uncertainties ahead, it is encouraging to see more house buyers surfacing at the start of summer. Recent increases in Bank of England approvals figures also show that more completions are expected in July, so the more encouraging numbers may persist for a while."

(CD)