Net mortgage lending grew by £0.7bn matching the banks’ six month average however down from £0.9bn the previous month.
The total value of mortgage approvals in April reached £8.5bn with £5.1bn approved for house purchase and £3.0bn for remortgages. Other secured lending totalled £0.4bn.
Figures from the BBA showed that the average house purchase mortgage approval stood at £159,700.
Demand for borrowing from the industry remained subdued in April despite banks reporting some easing in credit availability.
David Dooks, statistics director at the BBA, said: “Weak UK growth and eurozone uncertainty continue to undermine business confidence leading to continued sluggish demand for borrowing.
“The reaction to higher gross mortgage lending in March ahead of the removal of the stamp duty concession was a slightly weaker figure for households’ secured borrowing in April.”
