Finance

UK lenders predict weakening demand for mortgages, BoE survey shows

Published by Global Banking & Finance Review

Posted on January 16, 2025

1 min read

· Last updated: January 27, 2026

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Graph illustrating UK mortgage demand decline and lender predictions - Global Banking & Finance Review
This image depicts a graph showing the predicted decline in mortgage demand by UK lenders, as highlighted in the Bank of England's survey. It visually represents the trend of weakening demand for mortgages in the upcoming months.
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(Reuters) - British lenders expect demand for mortgages to slow in the months ahead even though they think availability will continue to rise, a Bank of England survey showed on Thursday. A gauge of

UK Lenders Anticipate Decline in Mortgage Demand, BoE Reports

(Reuters) - British lenders expect demand for mortgages to slow in the months ahead even though they think availability will continue to rise, a Bank of England survey showed on Thursday.

A gauge of expected demand for secured lending in the BoE's quarterly Credit Conditions Survey fell in the fourth quarter of 2024 to its lowest reading since the third quarter of 2023.

The measure of expected availability of mortgages rose to its highest level since the first quarter of 2024.

(Reporting by Andy Bruce; Editing by William Schomberg)

Key Takeaways

  • UK lenders foresee a drop in mortgage demand.
  • Mortgage availability is expected to rise.
  • BoE survey shows lowest demand since Q3 2023.
  • Highest mortgage availability since Q1 2024.
  • Survey conducted by Bank of England.

Frequently Asked Questions

What is the main topic?
The main topic is the predicted decline in UK mortgage demand as reported by a Bank of England survey.
What does the BoE survey indicate?
The survey indicates a weakening demand for mortgages but an increase in their availability.
How does the current demand compare historically?
The demand is at its lowest since the third quarter of 2023.

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