This was the second highest figure on record. Lending in July was 6 per cent below the £32.4 billion of lending in June, but 19 per cent higher than the £25.5 billion of lending in the same month last year.
Commenting on the data, CML director-general Michael Coogan said: "Another month, another record lending figure. Seasonal factors are continuing to support housing transactions and buoy house price growth. Bank of England approvals data shows that there is a strong appetite among borrowers for remortgages and other types of loan.
"But the timing of the Monetary Policy Committee's interest rate rise a fortnight ago caught some people by surprise, and its effect is not reflected in the figures. So, with financial markets suggesting the possibility of at least one more rate rise before the end of the year, we expect to see more subdued lending over the coming months."
