Activity in the UK housing market was subdued in August as the economy was flat and household confidence low, lenders have said.
Gross mortgage lending fell slightly from Â£12.7bn in July to Â£12.6bn in August, the Council of Mortgage Lenders (CML) said.
This was 4% lower than August last year, the lenders’ group said.
It predicted that new schemes to encourage lending could inject some life into the market.
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