Mortgage lending in the UK is rising at its slowest rate since January 2002, according to the Bank of England.
A monthly dip in lending does not alter the picture of a stable market
Lending in July rose at a yearly rate of 10.4%.
Last month lending by banks and building societies rose £6.45bn, the lowest cash increase for a little over three years.
However, separate figures on mortgage approvals - loans agreed but not yet made - suggest the property market will be stable in the coming months.
Mortgage approvals are often seen as a good indicator of future trends in the housing loans market.
Last month they rose to 97,000, back to the levels of a year ago and similar to the figures of the previous three months.
Fresh borrowing by consumers on credit cards, hire purchase agreements and bank loans has also continued to slow down, separate figures from the Bank of England showed.
The Bank's figures show that in July this sort of borrowing - known as consumer credit - was increasing at an annual rate of just 12.1%.
That was the slowest annual rate of growth seen since June 2001.
The figures all point to the dampening effect on both borrowing and spending of last year's increases in interest rates.