Nearly 4,000 more people remortgaged in November than October last year, according to Bank of England figures.
Gross mortgage lending in November fell to its lowest figure since 2000 at an estimated £11.1bn, according to the CML.
The CML has declared the contraction in mortgage lending "the most severe on record", with mortgage loans down by more than 50% and gross mortgage lending down 55% since 2007.
The outlook for mortgage lending is likely to stay subdued, according to Council of Mortgage Lender chairman Matthew Wyles speaking at the trade body's conference today.
Partnership MD Care Chris Horlick says headline figures that 20,000 people are selling their homes to fund care is just the tip of the iceberg.
Buy-to-let lending rose 12% in Q3, supported by ongoing demand for rental property, according to CML data.
Gross mortgage lending totalled an estimated £12bn last month which is the lowest September figure since £10bn in 2000.
The remortgage market showed signs of recovery after the Conveyancing Alliance reported a 48% increase in mortgage instructions, over the last quarter.
Just a quarter of all new home loans in August were remortgages which is the lowest proportion in 10 years, according to the CML.
Gross mortgage lending fell 14% in August to an estimated £11.4bn, the lowest figure for the month since 2000, according to the CML.