Households borrowed an additional £4.3bn secured on their homes in October, following borrowing of £4.9bn in September, official figures show.
The Bank of England (BoE) figures follow high levels of mortgage approvals for house purchase seen over recent months.
Mortgage borrowing fell to £0.2bn in April, but has since recovered and is slightly higher than the average of £3.9bn in the six months to February 2020.
The BoE said the number of mortgage approvals for house purchase continued increasing in October, to 97,500 from 92,100 in September. This was the highest number of approvals since September 2007, 33% higher than approvals in February 2020 and around 10 times higher than the trough of 9,400 approvals in May.
Approvals for remortgage were broadly unchanged in October, at 32,900, and remain around 40% lower than in February 2020.
