LandSale said the higher costs appeared to have encouraged more holiday let owners to put properties on the market, but this has yet to translate into a corresponding increase in sales activity.
Net mortgage approvals for house purchases fell by 3,100 to 60,500 in April, marking the third month of decline.
Net borrowing of mortgage debt by individuals saw a significant rise in March, jumping by £9.7bn to reach £13.0bn.
Simon Jackson, managing director of SDL Surveying, discusses how mortgage rate fluctuations impact market activity.
With the summer holidays now well and truly behind us, Newspage asked brokers if they have seen an uptick in activity in September.