Finance
UK Lenders Expect Demand for Mortgages to Rise in Q2
Published by Global Banking & Finance Review®
Posted on April 9, 2026
1 min readLast updated: April 9, 2026
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British lenders, surveyed by the Bank of England between Feb 23 and Mar 13, expect mortgage demand to rise in Q2 (through end‑May) after being flat in early 2026, while demand for unsecured consumer credit is likely to hold steady. Survey highlights a modest pickup in lending appetite amid earlier w
UK Lenders Expect Rise in Mortgage Demand for Q2 2026, BoE Survey Shows
Bank of England Credit Conditions Survey Insights
Expected Increase in Mortgage Demand
LONDON, April 9 (Reuters) - British lenders expect to see demand for mortgages rise in the three months to the end of May after being flat at the start of 2026, according to a Bank of England survey published on Thursday.
Unsecured Consumer Lending Trends
Stable Demand for Unsecured Lending
The BoE's quarterly Credit Conditions Survey also showed demand for unsecured consumer lending was likely to remain unchanged.
Survey Methodology
Survey Timeline
The survey of lenders took place between February 23 and March 13.
Article Credits
(Writing by William SchombergEditing by Suban Abdulla)
Key Takeaways
- •Lenders’ expectations point to a rebound in demand for secured lending (mortgages) in Q2 following stagnation at the start of 2026 (mortgagesolutions.co.uk)
- •Unsecured consumer lending demand is expected to remain unchanged in Q2, continuing flat trend from prior quarter (investing.com)
- •Survey conducted Feb 23–Mar 13 indicates conditions improving: earlier Q4‑Q1 showed mortgage demand fell sharply, but Q2 outlook is more optimistic (mortgagesolutions.co.uk)
References
Frequently Asked Questions about UK lenders expect demand for mortgages to rise in Q2
1What do UK lenders expect for mortgage demand in Q2 2026?
UK lenders expect mortgage demand to rise in the three months to the end of May 2026.
2What does the Bank of England's Credit Conditions Survey indicate about unsecured consumer lending?
The survey indicates that demand for unsecured consumer lending is likely to remain unchanged.
3When was the Bank of England's survey of lenders conducted?
The survey was conducted between February 23 and March 13.
4How did mortgage demand perform at the start of 2026?
Mortgage demand was flat at the start of 2026 according to the survey.
