The UK housing market stalled during November with the number of mortgages advanced to people buying a home remaining unchanged, figures showed today.

Around 44,000 loans were lent to people buying a property during the month, unchanged from October and the joint lowest level since last May, the Council of Mortgage Lenders said.

The figure was also 15% down on the number of loans advanced in November 2009, when the market was distorted by people buying lower-value properties rushing to complete transactions before the stamp duty holiday ended.