He said: "[These figures] reflect what we are seeing at the coalface — it is a bit busier one month but down the next and then up again.
"It is no surprise either that buy-to-let mortgages are continuing their downwards trend as landlords face an onslaught of tax and regulatory changes with more on the way.
"We are finding buy-to-let remortgaging increasing is down to properties having to work harder in order to maintain profit levels so this is likely to continue."
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