Lending activity has recovered over the last few months, according to the director-general of the Building Societies Association (BSA).

Adrian Coles was commenting after his organisation revealed mortgage lending figures for September 2009.

The data indicated that the value of mortgages approved by building societies grew from £1,264 million to £1,565 million between August and September.

Private landlords would have been among those who received cash from the gross lending recorded during the month, which totalled £1,605 million.

Mr Coles said that property buyers and sellers have returned to the market recently, which means lending activity has risen since the turn of the year.

"However, lending is still at levels much below that of previous years and the slight recovery remains fragile,"he added.

Landlord organisations have been calling on authorities to relax buy-to-let lending criteria during the course of 2009, indicating that private landlords are struggling to secure the mortgage finance to fund their business.

Written by Sarah Field
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