The number of mortgage approvals in the UK was “broadly stable” last month, the Bank of England has said.
There were 59,976 net approvals in June, down slightly from 60,134 in May, according to officials figures on Monday.
The Bank also said net borrowing of mortgage debt increased from £1.3bn in May to £2.7bn in June.
It comes ahead of the Bank’s latest interest rate decision on Thursday.
Commentators said the figures demonstrated a “strong foundation” for further growth in the housing market, which appears not to have been significantly affected by the recent general election.
But they cautioned much would depend on whether or not rates are cut later this week.
Industry figures hope that a reduction in the cost of borrowing will boost home sales, with better mortgage deals encouraging potential buyers.
Interest rates have been held at 5.25% seven times in a row, but financial markets have priced in a 60% chance of a cut on Thursday.
It marks an improvement on last week, when the chances of a cut were estimated at 46%.
Last week Nationwide became the first major lender to introduce a mortgage deal for less than 4%. Barclays and TSB also announced reductions the next day.
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