However, this figure had dropped significantly since the Northern Rock crisis and subsequent advertising campaigns.
Ms Knight said the banks supported the basic framework of the tripartite agreement but that it had clearly been "found wanting" during the Northern Rock crisis.
In its response to the government's consultation on reforming the banking system after the Northern Rock crisis, the BBA called for an "open enquiry" into the recent financial turmoil.
"Buyer enquiries have slipped back to the lows seen in the wake of the Northern Rock crisis and this trend is likely to persist through the spring, " warned Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors.
In the first days of the Northern Rock crisis, it saw or rather didn't see Mr Brown hide behind the sofa that he kept in Number 10 when Tony Blair left, just as he kept the uncollegial approach to government associated with it.
The communication difficulties between the UK Treasury, the FSA and the Bank of England during the Northern Rock crisis in 2007 illustrated some of the problems that can occur when there is incomplete co-ordination between the lender of last resort and the bank supervisor.
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The rescue of Northern Rock and the subsequent banking crisis brought the safety of savings into sharp focus.
It also emerged that Sir John Gieve, the deputy governor in charge of financial stability, who came in for criticism for the central bank's poor response to the crisis at Northern Rock, will leave his job early, in 2009.
In the wake of the banking crisis that brought the Northern Rock to its knees, several smaller specialist mortgage lenders have been in trouble and have dropped out of the market.
Britain's Financial Services Authority recommended improvements to its oversight of the banking industry after the collapse of Northern Rock , a mortgage lender stricken by the credit crisis and later nationalised.
Stand-alone retail banks, such as Britain's Northern Rock and America's Wachovia, failed during the financial crisis, after all, when an investment-banking arm might have pulled them through.
Northern Rock came close to collapse at the start of the credit crisis in 2007 after savers staged a run on the bank after it had sought financial aid from the government.
As the mortgage crisis unfolded late in the summer of 2007, Northern Rock was forced to turn to the Bank of England for liquidity support to meet short term debt obligations, unable to secure adequate funding through private channels.
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The British banking industry has been among the worst hit by the crisis with the government stepping in to rescue several major banks, including Northern Rock and the Royal Bank of Scotland, from collapse.
But the current economic crisis facing the West, which has hurt British banks like Barclays and Northern Rock, could see Brown reading his predecessor's memoirs for tips on how to win elections in the midst of a catastrophe.
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