IMLA has said the end of higher rate tax relief for buy-to-let landlords will limit the supply of rented properties and increase the rents for tenants.
House purchase loans were 9% lower for the month of August according to the CML as remortgage buyers reducing by the largest amount.
The number of remortgage buyers increased by 30% in June as homeowners change to cheap fixed rate loans before interest rates rise.
Data from the Nationwide building society show a slight fall in house prices in May while cash buyers represent four out of ten purchases.
The Council of Mortgage Lending report shows house purchases have declined 16%, a greater amount than expected due to the election.
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