In its latest Credit Conditions Survey, the Bank of England reports that mortgage lenders expect the availability of home loans to increase during the second quarter of 2011. However, a negative outlook for house prices and, to a lesser extent, the economy in general is likely to rein in recovery of the market. The quarterly [...]
Credit Conditions Survey
Mortgage demand weakens
Lenders have report that demand for house purchase mortgages fell “markedly” in the three months to December, with the trend expected to continue over the current quarter.
According to the Bank of England’s latest Credit Conditions Survey, the decline reflected “a recent fall in house prices, a general weakening of sentiment towards the housing [...]
