Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.
The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.
The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.
The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?
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