Lending to high LTV borrowers reached a post financial crisis high in June, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

There were 10,898 house purchase approvals to borrowers with a deposit of 15% or less of the total value of their property in June 2014, 12% more than 9,750 in May and 52% more than 7,166 twelve months before. It was the highest number of high LTV loans since April 2008, when there were 12,572.

Almost a fifth of house purchase lending was to high LTV borrowers in June, compared to one in nine home loans a year ago. The average LTV climbed to 63.6% as a result, up from 60.6% in June 2013 and the highest level since August 2007.

But total high LTV lending still fell far short of the pre-recession era. High LTV lending peaked in February 2007, when there were 41,745 loans to borrowers with a deposit of 15% or under – four times the volume witnessed in June 2014. The proportion of high LTV lending is also far smaller than in February 2007, when more than a third of loans were to high LTV borrowers.