Last quarter’s increased demand for mortgages is expected to remain solid, according to a survey by the Bank of England released this morning.
Stricter controls decreased mortgage lending over the past year, however banks reported the strongest demand for mortgages since 2013 in the second quarter. The central bank’s quarterly Credit Conditions Survey also showed demand for loans from small and big businesses increased and was expected to continue to rise.
The survey also showed that corporate lending has changed little over the past three months, whereas demand for lending for small businesses has hit its highest level for a year.
