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    The level of mortgage lending across Britain has remained subdued in recent weeks, according to the latest data.

    March saw a one per cent fall in the number of loans for property purchase and with so many people facing debt problems the Council of Mortgage Lenders (CML) expects to see this downward trend continue.

    Over the course of the first three months of this year, around £75 billion worth of mortgages were taken on, which was almost £9 billion less than the same period of 2007.

    According to the CML, the mortgage market is still be impacted by a "shortage of funding" that has led to fewer consumers being approved for home loans in recent months.

    CML director general Michael Coogan commented: "House purchase transaction volumes will continue to deteriorate in the coming months as recent approvals data from the Bank of England has shown."

    Last week, the CML said that anyone struggling to manage their mortgage-related money problems should aim to prioritise their debts.

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