First-time buyers driving mortgage market, says CML
12 February 2014 Last updated at 11:45 GMT
The mortgage market rebounded at every level last year, according to the Council of Mortgage Lenders (CML).
"Good housing market recoveries start because first-time buyers re-enter the market," said Paul Smee, director general of the CML.
Some commentators have suggested that first-time buyers feel pressure to get on the property ladder as prices are starting to rise.
However, Mr Smee told BBC News: "As you move away from the south-east [of England], talk of a bubble looks ever less likely."