The rate house prices are rising has slowed ahead of the EU Referendum with greater uncertainty expected from the Brexit vote.
There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
Strong growth in house prices for London up 14.5% for the year with higher prices for the South East of England and mixed UK results.
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.
Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.
New stamp duty tax from April has seen a surge of buy-to-let landlords with the increase demand increasing the price of homes.