Gross mortgage lending in July reached an estimated £13.6 billion in July, according to the Council of Mortgage Lenders (CML).
This represents a 5% increase from £12.9 billion in June but down 3% from £14 billion in July 2009.
The CML says lending remains on track to meet its new revised forecast, published earlier this month, of £140 billion for the year as a whole.
CML economist Paul Samter, said: “It is difficult to see anything other than a slow market for the rest of this year as underlying activity remains subdued. The rest of 2010 is likely to see rather lower lending and transaction numbers compared to the same period last year. Late 2009 saw a pick up as some home buyers looked to move before the end of the first stamp duty holiday.
