UK lenders predict weakening demand for mortgages, BoE survey shows
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FILE PHOTO: A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
(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)
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