UK lenders predict weakening demand for mortgages, BoE survey reveals

(Reuters) – British lenders count on demand for mortgages to sluggish within the months forward despite the fact that they assume availability will proceed to rise, a Financial institution of England survey confirmed on Thursday.

A gauge of anticipated demand for secured lending within the BoE’s quarterly Credit score Situations Survey fell within the fourth quarter of 2024 to its lowest studying because the third quarter of 2023.

The measure of anticipated availability of mortgages rose to its highest stage because the first quarter of 2024.