Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

UK lenders expect further widening of mortgage spreads: BoE

Published 19/01/2023, 10:01
© Reuters. FILE PHOTO-The logo of Bank of England is pictured during the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/Pool

LONDON (Reuters) - British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday.

The BoE's quarterly Credit Conditions Survey also showed lenders expected the availability of mortgages, consumer loans and corporate credit to decrease in the December-February period, and for loan defaults to rise.

The BoE conducted the survey between Nov. 21 and Dec. 9.

 

 

Latest comments

penny has not dropped in sellers letterboxes yet ,falls coming...but will fall quite slowly I expect...once falling house prices rarely tick up again before market bottom is achieved. history shows this clearly. might be a very long term downward trend 5 to 10 yearsof negatives for rent and house costs
Spread the word rusty, its the truth but no over priced house sellers want to hear it…Property will fall hard this recession, every thing is in place for the perfect storm in property prices…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.