News Tag: Credit Conditions Survey

July 2, 2010

Lenders warn of new mortgage freeze

by Gill Montia
UK banks and building societies are expecting mortgages to be "less readily available" in the next three months, as the wholesale money markets that lend to the lenders "tighten". In its latest Credit Conditions Survey covering the three months to early June 2010, the Bank of England also reports that a slim majority of lenders actually lent more to homeowners, but only ...

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January 2, 2010

Mortgage lending steadily improving

by Gill Montia
In its latest Credit Conditions Survey, the Bank of England has reported that mortgage lending improved in the three months to early December 2009. According to the Bank, the upturn was "driven in part by improvements in the economic outlook and in prospects for house prices". Encouragingly for first-time buyers, the rise in mortgage availability was greater for borrowers with loan-to-value ratios above 75%. Bank and ...

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July 2, 2009

Lenders optimistic on higher loan-to-value ratios

by Gill Montia
In its latest Credit Conditions Survey, the Bank of England reports that the availability of mortgages with loan-to-value (LTV) ratios above 75% remained broadly unchanged during the three months to mid-June. However, improvements in the cost and availability of funds meant that a small majority of lenders reported an increase in the availability of secured credit to households, the ...

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April 2, 2009

BoE report reveals lending is set to increase

by Kay Murchie
A Bank of England report has revealed that Britain's banks and building societies are set to make more loans available to homeowners and businesses over the next quarter. The report also revealed that despite the tightening of lending criteria over recent times, credit availability to larger companies actually increased during the first three months of this year. "The economic outlook ...

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