The stabilization of the UK housing market is being jeopardised by the lowest level of mortgage approvals, since records began.

A total 43,414 approvals were recorded in May, an increase from 43,191 in April according to the Bank of England. There was a disparity of approximately 2500 approvals as analysts expected a figure of 46,000.

Ok, so we don´t want lending to reach the silly proportions seen at the height of the boom, but come on banks you have had significant help from the Bank of England and it wasn´t just to sure up your poorly managed cash flow. The money was supplied to get lending back on track for responsible home owners and small/medium sized business.