The Council of Mortgage Lenders (CML) recently suggested that the decline in the number of private landlords being approved buy-to-let mortgages slowed down in the second quarter - now it has commented on the wider home loan sector.

In a statement released this week following the Bank of England's publication of the UK's lending situation, the CML said there is a "slowly improving house purchase market".

According to the Bank, mortgage approvals for the month were up to 50,123 - a five per cent rise on June's figure.

CML economist Paul Samter said: "Activity still remains weak, but has improved from the historic low levels of turnover at the beginning of the year."

Over the last year, experts on the buy-to-let sector have regularly commented on the fact that a high number of private landlords have wanted to secure finance in order to buy homes they can rent out.

However, the general consensus is that they have been held back by unwillingness among lenders to provide the money.

Written by John Weeks

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