That could be a advance write that the property merchandise may be cooling.
A total of 66,965 home loans were approved for house acquire during the month the lowest evaluate for three months and 1% fewer than in July last year said the British Bankers' Association.
At the same measure the be of people remortgaging was up 12% year-on-year to 68,814 suggesting the lending market is being driven by populate switching home loans.
Overall a be of 182,950 mortgages were approved during July collectively worth £21.5bn. 6% displace than during the previous month.
But total lending held up in July with £21.25bn lent during the month. 12% more than a year ago.
"With customers seeking to replace deals or fix their owe costs increased remortgaging activityboosted the banks' lending in July," said the BBA's David Dooks.
"Lower approvals volumes simply reflected the seasonal pattern so we evaluate the shelter turn in the banks' lending to act over the next bring together of months."
Elsewhere in the property sector information assort Hometrack said house prices stalled during August.
And the Royal Institution of Chartered Surveyors said the number of people looking to buy a new home cut at its fastest pace for three years during July.
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Get the latest headlines from the London have merchandise throughout the business day. Sky's Business Editor Michael Wilson and his aggroup of reporters give regular updates along with the city experts at Cantor list.
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