Mortgage lending strongest since 2008, says CML
Mortgage lending rose to £21.8bn in October, up nearly 20% from a year earlier, according to industry figures.
The total was the highest since 2008, and growth in mortgage lending was also at a seven-year high, the Council of Mortgage Lenders (CML) said.
The CML said that total mortgage lending in 2015 was likely to beat its initial forecast of £209bn.
It added that housing market sentiment was set to be lifted as interest rates are unlikely to rise until 2017.