Mortgage lending money for buying a home bounced back during May, but is anticipated to stay submissive for the rest of the year.

According to the Council of Mortgage Lenders, almost 42,000 home loans were given to people for buying a property. During the month, it was 2% more than in April, when lending levels decreased by 9%.

But this figure was still down according to the recent high of 63,000 mortgages that reached in December, when people purchasing inferior value properties hurried through transactions, before the stamp duty holiday finished.

The total sum lent for home purchase also increased year-on-year for the 11th successive month, with £6 billion advanced, 28% more than in May 2009.

However, the figure was almost 30% down in December and the CML advised that a combination of the challenging economic background, Government spending cuts and increasing taxes were most likely to "tail off" during the latter half of the year.

The group confirmed that monthly assessments with the previous year were likely to be flat or unconstructive in the coming months because of strong lending levels seen in the second half of 2009.

Director General of the CML, Michael Coogan said, "House purchase lending continues its recovery but positive comparisons with equivalent months a year ago look unlikely to continue".