Mortgage approvals in the UK last month hit their highest levels since the start of the global financial crisis, according to Bank of England figures.
The institution stated lenders approved some 62,226 mortgages in August and this is up from 60,914 in July.
However, these figures remain some way below peaks seen during the height of the mid-2000s housing boom and this means there is some way to go before the UK is fully out of its economic difficulties.
The Bank of England also released data showing lending conditions improved and the amount borrowed by households in the UK currently stands at £1.43 trillion.
While at first an increased number of loans and credit agreements might seem like a bad thing for the economy, it shows Britons are becoming more and more bullish about their individual financial situation and this will result in increased purchasing power.
However, coalition politicians will be concerned the amount lent to businesses fell by £3.8 billion to £454.5 billion.
