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However, the total value of mortgages approved increased from £13.9bn in May to £14bn.
At the end of the year there were an estimated 1.3 million buy-to-let mortgages outstanding, worth £152bn, accounting for 12% of the total value of mortgages.
Shared ownership forms about 0.4% of English housing stock, 1.3% of all mortgages held and 0.7% of the total value of mortgages held.
By the end of 2006, they accounted for 9% of the total value of mortgages, up from 2% five years earlier.
The total value of mortgages approved for house purchase rose to £6.6bn, more than £1bn up on the average of the previous six months, and an increase of 208.7% compared with a year earlier.
Indeed, the Mortgage Bankers Association is predicting this will be a down year for the industry, and on Friday it said that the total value of mortgages produced would be down 16percentt from its level last year.
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But the total value of mortgage lending in the first quarter of 2013 was £33.8bn, virtually unchanged on the first quarter of 2012.
Latvia's mortgage market or the total value of mortgage loans outstanding rose by a phenomenal 86.5%, in 2006, according to research by the European Mortgage Federation.
The total value of American mortgages is about $10 trillion.
The average value of a house purchase loan dropped to £145,300 on a seasonally adjusted basis, bringing the total value of homebuyer mortgages approved down to just under £5bn.
At the end of 2006, Merrill Lynch paid $1.3 billion for First Franklin Financial, one of the biggest subprime lenders in the country, bringing the total value of subprime mortgages on its books to eleven billion dollars.
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