There are a number of positive signs in the mortgage market at present, according to the Council of Mortgage Lenders (CML).

Economist at the organisation Paul Samter said that home-buying activity is "running at considerably higher levels"than it was at the start of 2009.

"Some of the UK's highly rated institutions have been able to issue structured finance products backed by mortgages in recent weeks,"he explained, before adding that this is a "welcome"sign.

His comments come after the CML published the gross mortgage lending figures for September, which indicated that estimated activity grew two per cent during the course of the month.

The data shows that lending levels inflated from £12.3 billion to £12.5 billion between August and September.

CML records suggest that this was down 27 per cent year-on-year, highlighting the fall in the market since the onset of the recession.

Private landlords were able to see the first signs of stabilisation in the buy-to-let mortgage lending sector for two years in the second quarter of 2009, according to the CML.

Written by Sarah Field
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