Mortgage lending by high street banks was 8% higher in June than in the same month last year.

Within that, remortgaging was around 20% higher and house purchase loans 6.2% up.

Richard Woolhouse, chief economist at the British Bankers Association, said: “The housing market is beginning to hot up again, as we’ve seen a pick-up in the number of mortgage approvals for the last month.”

He said the increase in remortgaging could be due to people moving to new fixed deals ahead of interest rate rises.

Altogether there were 75,636 loans, of which 44,488 were for house purchase – up from 41,864 in June last year.