THE number of loans advanced to first-time buyers in Wales reached its largest yearly total in five years, according to latest figures from Council of Mortgage Lenders in Wales.
Following a similar trend to the rest of the UK, lending to first-time buyers in Wales increased throughout 2012 and continued into the final quarter of the year.
Loans to home movers remained stable compared to the third quarter while remortgage lending picked up in the last quarter of the year.
First-time buyers in Wales borrowed on average 3.12 times their income in the fourth quarter, lower than the 3.26 times borrowed by their counterparts in the UK.
And first-time borrowers in Wales also continued to put down a smaller deposit than the rest of the UK, at 85 per cent loan to value ratio.