Wales' biggest buildng society, the Principality, says last year saw new loans totalling over £1bn.
It's reporting a pre-tax profit of just over £25m.
It says that first-time buyers are key to stimulating the housing market and supporting the economy. The society claims lending to this group has increased by a third and hopes it's new 95% mortgage for the group will help boost the housing market.
Graeme Yorston is the Group Chief Executive for Principality:
Graeme Yorston says that keeping the housing market working by lending to first time-buyers is key to the economy.
Our recent release of a 95% loan to value (LTV) product for Welsh First Time Buyers highlights our level of commitment to delivering accessible products to our heartland and playing our part in stimulating the Welsh housing market and driving the economy forward.
– Graeme Yorston, Group Chief Executive of Principality Building Society
Principality have released their results for 2012 which show that lending levels have increased. Their message is that first-time buyers are key to stimulating the housing market and supporting the economy and lending to this group has increased by 34%.