Lenders expect mortgage demand to shrink in early 2025, Bank of England finds

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Lenders expect mortgage demand to shrink in early 2025, Bank of England finds

//business-finance.news-articles.net/content/202 .. -shrink-in-early-2025-bank-of-england-finds.html

Published in Business and Finance on Thursday, January 16th 2025 at 6:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Lenders expect mortgage demand to shrink in early 2025, Bank of England finds - The latest survey findings point to the financial strain on households against a backdrop of continued inflationary pressures,

The Bank of England's latest Credit Conditions Survey indicates that lenders anticipate a contraction in mortgage demand in early 2025. This expectation comes amidst a backdrop of economic uncertainty and potential shifts in monetary policy. The survey, which gathers insights from banks and building societies, also highlighted that while there might be a slight increase in demand for secured lending in the short term, the overall trend points towards a decrease. Factors contributing to this outlook include higher interest rates, economic recovery pace, and changes in consumer confidence. Additionally, lenders expect a slight tightening of credit conditions, which could further dampen demand for mortgages.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/lenders-expect-mortgage-demand-to-shrink-in-early-2025-bank-of-england-finds/ar-AA1xiSfR ]

Publication Contributing Sources

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Lenders expect mortgage demand to shrink in early 2025, Bank of England finds