The number of new mortgages for house buying approved by the major British banks continued to rise in September.
They approved 72,155 mortgages for house purchase last month, according to the British Bankers' Association (BBA).
That was 3% higher than a year ago and 1% up from August, indicating that demand from house buyers will still be buoyant in the coming months.
Figures for the whole of the UK mortgage industry will be published next week by the Bank of England.
"While loans approved for remortgaging and equity withdrawal were weak by historical comparison, the numbers of loans approved for house purchase remained fairly robust and will support lending growth in the near-term," said David Dooks, the BBA's director of statistics.
Milan Khatri, chief economist of the Royal Institution of Chartered Surveys, agreed.
"The housing market has shrugged off the August interest rate rise, with demand being buoyed by a stronger economy," he said.
"House price rises are likely to continue at a firm pace in the months ahead though an expected interest rate rise in November will take some steam out of the market," he predicted.
They approved 72,155 mortgages for house purchase last month, according to the British Bankers' Association (BBA).
That was 3% higher than a year ago and 1% up from August, indicating that demand from house buyers will still be buoyant in the coming months.
Figures for the whole of the UK mortgage industry will be published next week by the Bank of England.
"While loans approved for remortgaging and equity withdrawal were weak by historical comparison, the numbers of loans approved for house purchase remained fairly robust and will support lending growth in the near-term," said David Dooks, the BBA's director of statistics.
Milan Khatri, chief economist of the Royal Institution of Chartered Surveys, agreed.
"The housing market has shrugged off the August interest rate rise, with demand being buoyed by a stronger economy," he said.
"House price rises are likely to continue at a firm pace in the months ahead though an expected interest rate rise in November will take some steam out of the market," he predicted.
