Figures from the Bank of England show that the number of mortgages approved for UK home buyers was barely changed in July at 48,722.
The figures reinforce data from lenders and surveys which suggest that prices have reached a plateau after the revival that started in the spring of 2009.
The Bank’s figures show that in July, the number of mortgage approvals was just 160 higher than in June and only slightly higher than the average recorded in the previous six months.
With lenders continuing to ration severely their loans to house buyers, net mortgage lending rose by only £86m in July, one of the lowest monthly increases on record.
Figures from the Land Registry also suggest that prices are levelling off.
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