Published by Global Banking & Finance Review®
Posted on January 16, 2025
1 min readLast updated: January 27, 2026
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UK lenders predict a decline in mortgage demand despite an increase in availability, according to a Bank of England survey.
(Reuters) - British lenders expect demand for mortgages to slow in the months ahead even though they think availability will continue to rise, a Bank of England survey showed on Thursday.
A gauge of expected demand for secured lending in the BoE's quarterly Credit Conditions Survey fell in the fourth quarter of 2024 to its lowest reading since the third quarter of 2023.
The measure of expected availability of mortgages rose to its highest level since the first quarter of 2024.
(Reporting by Andy Bruce; Editing by William Schomberg)
The main topic is the predicted decline in UK mortgage demand as reported by a Bank of England survey.
The survey indicates a weakening demand for mortgages but an increase in their availability.
The demand is at its lowest since the third quarter of 2023.
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