The number of loans approved by banks has reduced along with an unexpected fall in house prices for the month.
Figures released by the Halifax show prices are up 6.9% annually but ONS data suggest this is slowing.
Latest data from the Land Registry shows property prices are rising in all regions in England by a 3.4% average.
Figures from the Council of Mortgage Lenders (CML) show that mortgage loans were up 17% on the previous three months.
UK house prices have risen to their highest levels according to the Office of National Statistics (ONS).
According to the UK’s largest lender the Halifax annual growth is at 6% after eight months of rising property prices.
The CEBR expects house prices to rise as Bank of England reveals mortgage approvals are higher.
House prices in London are rising at a faster annual rate compared to other parts of the country and benefits families in the capital.
London property prices are up by 9.7% for the year to July after strong demand from overseas investors.
There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.
Bank of England figures show mortgage approvals increased to 60,624 the highest level since March 2008.
Property prices are up by 3.5% according to Nationwide as mortgage lenders offer more competitive loans.
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