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UK lenders expect further widening of mortgage spreads: BoE

Published by Uma Rajagopal

Posted on January 19, 2023

1 min read

· Last updated: February 2, 2026

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Bank of England report highlights mortgage spread widening expectations - Global Banking & Finance Review
This image captures the Bank of England's quarterly Credit Conditions Survey, indicating UK lenders' expectations for widening mortgage spreads and reduced loan availability.
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LONDON (Reuters) – British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday. The BoE’s quarterly Credit Conditions Survey also showed lenders expected the availability of mortgages, consumer loans […]

LONDON (Reuters) – British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday.

The BoE’s quarterly Credit Conditions Survey also showed lenders expected the availability of mortgages, consumer loans and corporate credit to decrease in the December-February period, and for loan defaults to rise.

The BoE conducted the survey between Nov. 21 and Dec. 9.

(Reporting by David Milliken; Editing by William Schomberg)

Frequently Asked Questions

What is a mortgage?
A mortgage is a loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.
What are loan defaults?
Loan defaults occur when a borrower fails to make required payments on a loan, which can lead to foreclosure or other legal actions.
What is a credit condition survey?
A credit condition survey is a report that assesses the lending environment and expectations of financial institutions regarding credit availability and loan performance.
What is consumer credit?
Consumer credit is a type of credit extended to individuals for personal use, such as loans for purchasing goods, services, or financing personal expenses.

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