The Mortgage Market Review (MMR) has hit house purchase lending, which fell for the third consecutive month in April.
Home lending has now fallen 17% in three months, according to new figures from e.surv, which said the MMR is largely to blame.
House purchase approvals dropped 6% between March and April to 63,170.
That means there were more than 13,000 fewer home loans in April than in January, when 76,251 loans were approved.
House purchase approvals are still 15.3% higher than 12 months ago, but recent monthly falls are stalling the market recovery.
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