The latest data from industry group UK Finance has shown that 95,126 mortgages were approved by the main high street banks in July, the highest monthly total in a decade.
Mortgage approvals for home purchase were 16.4% higher, remortgage approvals were up 19.4% and approvals for other secured borrowing were 12.7% higher than the same month a year earlier.
Gross mortgage lending across the residential market was £26.1 billion in July, 2.9% higher than the same month in 2018 and the highest since March 2016.
For more information sees stories in Financial Reporter and Best Advice