First-time buyer loans totalled 12,800 in London - up 17% on the previous quarter and 4% on the same quarter in 2014. FTB loans rose by 16% year-on-year in both Wales and Scotland.
First-time buyers in London borrowed £3.4 billion - up 24% on the previous quarter and 4% on the same quarter in 2014.
In Wales, FTBs borrowed £410 million - up 21% - while Scottish FTB lending totalled £920 million - up 2% on the previous quarter and 16% on Q3 2014.
For home-movers, London saw a 32% rise on the previous quarter and 5% on the third quarter of 2014. The total value of these loans was £4bn, up 38% on the second quarter and 11% on Q3 2014.
In Wales, home-movers rose by 8% in number and 12% in value in Q3. Similarly, in Scotland, home-mover figures rose by 15% and 16% respectively.
London remortgage lending increased 8% by volume and 10% by value compared to quarter two. Compared to the third quarter last year, it was up 15% by volume and 25% by value.
Remortgage lending in the quarter in Wales grew quarter-on-quarter and year-on-year by volume and by value.
In Northern Ireland, the number of loans for remortgage remained the same quarter-on-quarter at 1,700 loans, but up 55% in volume compared to the third quarter 2014.
Paul Smee, director general of the CML, commented:
In London, as in the UK, the market has continued growth the past two quarters in both house purchase and remortgage activity. The number of people buying their home in London is at levels not seen since 2007, but this is still only 60% of the numbers seen at the height of the market. Borrowers appear to be taking advantage of relatively favourable economic conditions and this could mean a continual upward trajectory moving into the new year.
Julie-Ann Haines, CML chair for Wales, said:
House purchase and remortgage activity in Wales continued to show positive growth for the second quarter in a row, after a subdued start to the year. Affordability is better in Wales than for the UK overall. We would expect this upward trend to continue to close out the year given the competitive mortgage deals available as a result of interest rates remaining low coupled with government schemes like Help to Buy Cymru assisting demand.
Linda Docherty, CML chair for Scotland, added:
The past two quarters have seen the highest level of borrowers purchasing their home in Scotland since 2007. Activity has remained robust over the past six months, with a surge in both first-time buyers and home movers, and with an economic climate of low interest rates, increased earnings and competitive mortgage offers we would expect this to continue as we head towards the new year.
