The UK housing market continued to slow in July but part of moderation may have been due to expectations that interest rates would be lowered in August, a survey from the British Bankers Association reported. Seasonally adjusted net mortgage lending -- gross lending minus repayments -- rose by 3.7 bln stg in July, down from 4.7 bln stg in June and the average of 4.4 bln stg over the past six months. Additionally, consumer credit lending was also, the BBA said, with loans and overdraft lending rising just 300 mln stg compared with the recent average of 500 mln stg. Credit card lending rose only 100 mln stg. David Dooks, BBA director of statistics said the lower figures in July may have been due to the widely anticipated rate reduction in August. Additionally, poor weather and the bomb attacks in London may be to blame, he said. "But neither effect is certain, nor quantifiable," he added.