Mortgage borrowers are benefiting from a more stable economy and lower interest rates, according to the prime minister.
Responding to criticism about the UK's rising level of debt, Gordon Brown told BBC one's Andrew Marr Show that more people are now able to take out mortgages and buy their first home.
While inflation and interest rates remain relatively low, the country's economy is continuing to grow, Mr Brown said.
"People can borrow to buy their own homes and do it in a situation where in inflation and interest rates are low and people feel there is stability in the economy," he told the programme.
Michael Coogan, director general of the Council of Mortgage Lenders, recently said that although gross mortgage lending had fallen by six per cent in August, consumer demand was not slowing down.
However, homeowners should continue to plan for the base rate of interest to remain at its current level, Mr Coogan said.
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