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 October 30, 2024 edition of The Herald.
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 October 30, 2024 edition of The Herald.
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
ANOTHER SHAMBLES
BUT ROONEY INSISTS HE IS THE RIGHT MAN FOR THE JOB
Shocking Pilgrims humiliated by heavy defeat to Coventry
THERE was Boxing Day humiliation for bottom-of-the-table Plymouth Argyle as Coventry City thrashed them 4-0 to pile the pressure on Wayne Rooney.
Shopfitting B team get the better of clubmates
SHOPFITTING by SWS C welcomed the B side in Division One and both teams played some brilliant Table Tennis throughout the evening with the B team winning 8-2.
Barker is back with Gladiators in 2025
PLYMOUTH Gladiators promoter Mark Phillips said it was a \"no brainer\" to bring crowd favourite Ben Barker back to the Coliseum for 2025.
Spending wrangles in 2025 for Reeves
RACHEL Reeves will enter 2025 with the economy flatlining, inflation rising and a looming Whitehall spending review which experts warn will be \"difficult\".
Mild weather for Boxing Day swims
BOXING Day swimmers and walkers saw a grey and mild day with some drizzle in places, the Met Office said.
Concern continues to grow for missing man
POLICE in Scotland are increasingly concerned about a missing man from London who is thought to be in the Highlands.
Mourning crash victims
AZERBAIJAN observed a nationwide day of mourning on Thursday for the victims of a plane crash in which 38 people were killed and all 29 survivors injured as speculation mounted about the possible cause of the incident.
Ban for bee-killing pesticides planned
'EMERGENCY USE' AUTHORISED SINCE 2021
Centre's new winter campaign
DONATIONS TAKEN UNTIL JANUARY 10
