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Bank of England Credit Conditions

ended 14. October 2021

This morning at 09:30, the Bank of England is publishing its latest quarterly report into credit conditions. Swots can read up on the last one here. It covers both mortgage and SME business finance, so answer the Qs that are relevant to you!

  • Overall, has the supply of mortgages/SME loans increased or decreased over the past quarter?
  • Overall, has demand for mortgages/SME loan finance increased or decreased over the past quarter?
  • Overall, has the cost of mortgage borrowing/SME loan finance increased or decreased over the past quarter?
  • Have you seen more or fewer defaults in mortgage/SME business loan finance over the past quarter?

As ever, no need for an essay. Soundbites, not War and Peace! Panache is always welcome.  

1 responses from the Newspage community

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Scott Taylor-Barr
Principal Adviser at Barnsdale Financial Management
"On the supply side of the mortgage market, it's full steam ahead right now. The availability of mortgages is improving as each week goes by, with many lenders having removed, or at least reduced, the additional checks and lending rules introduced at the height of the pandemic. On the demand side, while still busy, the market does feel less manic now that stimulus in the form of the Stamp Duty holiday has been withdrawn, something that's reflected in this survey. Interest rates for borrowers are at record lows currently, with competition between lenders driving this race to the bottom. However, by now we must getting close to the bottom and we may see rates start to increase slightly in the near future."