Mortgage funding continues to restrain the UK property market

This month sees the second monthly fall in new home loans, and gross mortgage lending has also dipped below the six month average. Some property pundits expect the increase in available property and slower house price growth will filter through into an increase into gross mortgage lending. Many believe that the UK housing market has now stabilised and will continue at a slower and steadier pace of house price inflation as has been seen in previous economic recoveries.