The Bank of England has released it’s latest Credit Conditions results. This quarterly survey of bank and building society lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households; and lending to non-financial corporations, small businesses, and to non-bank financial firms. The survey serves as one of a number of inputs into the quarterly Credit Conditions Review, which presents the Bank of England’s assessment of the latest developments in bank funding and household and corporate credit conditions.
Commenting on the Bank of England’s Credit Conditions Survey for Q4 2016, Charles Haresnape, Group Managing Director, Mortgages, at Aldermore, said: The data released by the Bank of England showed a stable borrowing picture after a fall in the third quarter. While availability of secured credit to households is expected to increase slightly over the next few months, this is likely to be moderated in the mortgages market by recent changes to affordability checks by lenders. The overall picture for 2016 showed that demand for buy-to-let borrowing rose significantly despite the tax changes introduced in April 2017 is unlikely to show significant increases in mortgage volumes, but we can expect to see a continued but slower upward trend over the next year.”
This report presents the results of the 2016 Q4 survey. The 2016 Q4 survey was conducted between 21 November 2016 and 9 December 2016.