UK mortgage approvals reach two-year high, surpassing pre-2022 mini-budget levels, reflecting housing market rebound and economic stability.

UK mortgage approvals have reached their highest level in over two years, surpassing figures recorded before the 2022 'mini-budget.' This increase signals a rebound in the housing market, reflecting improved confidence among buyers and lenders. The rise in approvals is seen as a positive indicator for the economy as it suggests greater stability and a potential recovery from previous financial fluctuations.