Mortgage and rent spending slowed in April, with year-on-year growth at 5.2%, down from 5.4% in March, according to Barclays Property Insights data.
Data revealed that the majority of lenders dropped mortgage rates, and household finance confidence stayed steady at 70%.
Research also found that homeowners continued to make overpayments, aiming to shorten mortgage terms.
Confidence in the UK housing market stayed in line with March at 29%.
Additionally, research showed that interest rates were still a concern for consumers at 61%, down from 63% in March.
Research also found that 23% of mortgage holders made overpayments, averaging £221 a month, or £2,647 a year.
Furthermore, 30% of those who saw higher housing costs in the last year said council tax was the biggest increase, according to Barclays data.
The proportion of renters who saw getting a mortgage as a barrier fell to 18%, down from 21% in March, after some high street lenders lowered their mortgage rates.
More renters were saving for a deposit, with 27% doing so in April compared to 22% in March.
Jatin Patel, head of mortgages, savings and insurance at Barclays, said: “Mortgage demand remains resilient, with encouraging signs that young renters feel more confident about entering the property market, despite high interest rates and an uncertain economic landscape.
“For mortgage holders fortunate enough to be able to make overpayments, it can be a great way to reduce the length of your loan term, or minimise the impact of possible rate shocks coming after a lower fixed deal.
“It’s important to always weigh up the cost savings with other financial goals and commitments, as well as potential early repayment fees.”
Patel added: “The Bank of England’s decision on Thursday will determine how optimistic we can be, but with mortgage rates dipping below four per cent, and a lower energy price cap on the horizon, there are positives to be found among current market turbulence.”
Will Hobbs, managing director at Barclays private bank and wealth management, said: “The UK economy’s cyclical pulse has been strengthening a little in the last few months.
“Household incomes have continued to grow faster than inflation and that has been showing up in consumption.
“The uncertainty created by the US tariffs will certainly have some dampening effect.
“However, there are potential offsets in the form of lower energy prices and the dramatic changes happening in Europe.”
Hobbs added: “The latest read on inflation suggests a little more flexibility for the bank of England too, ahead of tomorrow’s decision.”
