A Bank of England survey of mortgage lenders indicates that mortgage demand is expected to cool over the summer. The lenders consulted—banks and building societies—report expectations for a decrease in mortgage applications and activity during this period. The reported slowdown is linked to high borrowing costs and broader economic pressures, alongside political uncertainty. Across the sources, there is no mention of specific changes in interest rates or detailed breakdowns by customer type; the emphasis is on the lenders’ forward-looking assessment of demand. The survey therefore reflects expectations from within the mortgage market rather than confirmed figures of completed lending volumes. Overall, the accounts present a consistent picture: lenders anticipate weaker mortgage demand in the near term as households face affordability challenges and uncertainty in the wider environment.
Bank of England survey shows expected fall in mortgage demand
A Bank of England survey of mortgage lenders indicates that mortgage demand is expected to cool over the summer. The lenders consulted—banks and building societies—report expectations for a decrease i...
- The Bank of England conducts a survey of mortgage lenders, including banks and building societies.
- Lenders consulted expect mortgage demand to decrease over the summer.
- High borrowing costs are cited as a factor behind weaker expected demand.
- Economic woes and political upheaval are also cited as contributing influences.
The Bank of England's survey of lenders found that banks and building societies consulted expect demand for mortgages to decrease over the summer.
6 hours agoThe Bank of England's survey of lenders found that banks and building societies consulted expect demand for mortgages to decrease over the summer.
6 hours ago
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