New figures released by the Council Of Mortgage Lenders has found that mortgages for first time home buyers increased 24% from May which was a 10 month high.

The number of mortgages approved were around the same level as the amount approved last October.

Paul Smee, director-general of the CML said,”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,”