Mortgage lending fell last month.
The mortage market is expected to remain subdued over the next year.
Gross mortgage lending fell to £9.2 billion in January, according to the Council of Mortgage Lenders.
The latest statistics reveal that the fall marks a 13% decline from December's figures. However they also indicate a 5% rise from the £8.8 billion that was lent out in January 2010.
The CML said that the data illustrates that "activity levels have stabilised with little evidence to show any significant change within the next 12 months".
CML economist Peter Charles explained that the lack of impetus in the mortgage sector is a reflection of the sluggish state of the economy in general.