Mortgage lending rose 4.3% to an estimated £28.1bn last month, report the Council of Mortgage Lenders.The body said there is growing evidence that the housing market is on course for a "soft landing".
September's figure is one of the highest monthly lending figures on record, and 11% more than the £25.3bn of lending in the same month last year.
"Our latest data provides evidence that the housing market is in relatively good health, and households are not lacking confidence to take on mortgages," said Director General Michael Coogan.
"While expectations of lower interest rates have undoubtedly helped to trigger the recent resurgence in lending, we believe the Bank of England's Monetary Policy Committee will put off cutting rates further until it is clear that inflationary pressures are easing. We would correspondingly expect lending activity to level off over the coming months."
This is cache, read story here