New statistics have been published by The Council of Mortgage Lenders (CML) that show an big improvement in the amount of 'first time buyers' qualifying for a mortgage in the last month of 2013. 

The statistics indicate an increase in 'first time buyer' borrowing of over 26% year on year. The amount of first time buyers and people moving home got bigger nationally during the last quarter of 2013. There was an annual increase of 37% and 19%. These numbers are reflective of the increasing trend of improved market activity that is being witnessed at the moment. This shows the confidence of both buyers and lenders increasing.  

"First-time buyers were an especially important factor in driving the market forward in 2013 as improved economic conditions have given the opportunity for them to enter the market and become homeowners." - CML Director General Paul Smee

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