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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/lending-falls-in-subdued-market.jpg"><img class="alignnone size-full" title="The number of mortgages advanced to people buying a property dropped for the fifth consecutive month during December" src="http://londonglossy.com/wp-content/uploads/2011/02/min-lending-falls-in-subdued-market.jpg" alt="The number of mortgages advanced to people buying a property dropped for the fifth consecutive month during December"/></a></p>
<p>The number of mortgages advanced to people buying a property dropped for the fifth consecutive month during December as activity in the housing market remained subdued.</p>
<p>Just 39,900 loans were advanced for house purchase during the month, 4% fewer than in November and the lowest level since February last year, according to the Council of Mortgage Lenders.</p>
<p>The figure was also 37% lower than it was in December 2009, when lending levels were boosted by people rushing through purchases to beat the end of the Government&#8217;s stamp duty holiday.</p>
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