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 A financial advice website has predicted that mortgage approvals could fall for a 13th month in a row when the Bank of England publishes figures for May 2008.
Recent stats show that just 58,000 mortgage approvals were given in April - the 12th successive month which has seen a drop, Fool.co.uk said.
And those already with mortgages are finding it hard to find a new deal when their current offers come to an end, which could lead to a rise in those working hard to stop repossession.
David Kuo, head of personal finance at the site, said: "Fewer than 2,000 mortgages a day were approved for buying houses in April.
"The figure is the lowest since the Bank of England began the series in 1999."
He added that with financial belts tightening, the drop in mortgage approvals could well go on for at least another month.
In response to the Bank of England figures, the Royal Institution of Chartered Surveyors said that lenders are tightening up their conditions on new loans, making it hard for buyers.
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