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NET loans, redemptions and refunds, bands was only 112 million from ￡ in September, down $ 1.62 billion to ￡ in August, according to the latest mortgage figures published by the Bank of England.

Loan of figures is likely fetch in the coming months, as banks limited best agreements to borrowers with large deposits.

Nida Ali, economic adviser to the Club point of Ernst & Young, said: "the British housing market is indeed in the middle of a double-dip".

"Housing demand continues to be reduced while those willing to buy a House will be difficult to finance their purchase."

"This coupled with the fact that an increasing number of people put their properties on the market put pressure downward pricing."

"Moreover, recent trends suggest that broader economy - particularly the labour - market is likely to remain unsatisfactory in the months to venir.Ce prices continue dropped during the rest of the year and in 2011."

Bank figures showed the number of mortgages approved for the purchase of the House fell for the fifth month following 47,474, the lowest level since February.

Vicky Redwood, Senior Economist of UK's Capital Economics, said: "UK loan household figures of September allow more evidence - as if it was needed - problems in the housing market."

"The number of mortgage approvals very slightly declined their already exceptionally low level of 47 500.Ces low activity levels now appear to contribute to renewed falling house prices."

It comes after that most large mutual Britain says home prices are surrender value by more than a typical salary.

Nationwide said that the average price of a House declined 0.7% this month, equivalent to ￡ 2 376 in a mois.Il brings the average price of a House to ￡ 164,381, from ￡ 166,757 in September.

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