New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.
Mortgage approvals are an indicator of future borrowing. The data also showed that approvals for remortgaging, which only captures deals with new lenders, increased by 3,100 in September.
The rise in September continues the positive trend for the housing market so far this year, on the back of an improving economy.
Thomas Pugh, an economist at the financial consultancy RSM UK, said: "All the factors which are contributing to the broader economic recovery are also positive for the housing market."
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
'Unstoppable Ugarte finding his feet with standout showing in derby
BRUNO Fernandes described Manuel Ugarte as 'unstoppable' after the Manchester derby.
Rashford seeks a new challenge - but Amorim will have to replace him...
THE January transfer window is a fortnight away from opening - and United face a mammoth month following Ruben Amorim's first few weeks in charge.
Pep must rediscover spark to motivate City squad that has already made history
BOSS HAS TO FIND TARGET TO GALVANISE PLAYERS
Guardiola has seen greats come and go but this rebuild will be his toughest yet
AS Christmas comes into view City will be hoping for a couple of presents in the January transfer window.
Stokes will never hold himself back
ENGLAND captain Ben Stokes promised there will be no \"holding back\" when he recovers from his latest injury problems, insisting he is ready to keep digging deep for his country.
Station will close to allow £10m upgrades
NO TRAINS WILL CALL FOR TWO MONTHS NEXT YEAR
'His death could have easily been avoided'
FIRM FINED AFTER CONNOR CRUSHED TO DEATH
Crooked ex-bank boss to learn his fate after £100,000 fraud
A SENTENCING date has been set for a former Co-op bank boss who admitted a catalogue of fraud worth almost £100,000.
Ex-detective is banned from policing after cocaine shame
A POLICE detective quit the force after a routine drugs test revealed traces of cocaine in her urine.
Please, Swear!
SCHOOL STAFF ACCIDENTALLY RECORD FOUR-LETTER COMMENTS ABOUT PUPILS
