Latest Updates

• Bank of England Credit Conditions Survey: Q2 2025 2025-07-03 04:30

  Financial conditions remained strong in the UK in Q2 2025 as the supply of credit increased while demand was more mixed.

  

  • Availability of secured and unsecured household credit increased in Q2 and is expected to rise further in Q3.

  

  • Corporate credit availability also increased slightly, especially for small and medium-sized firms.

  

  • Household demand for home purchase loans rose in Q2 but is expected to fall in Q3. However, remortgaging demand is expected to rise.
  • Unsecured credit demand (credit cards and personal loans) increased, but some softening is expected next quarter.

  

  • Business loan demand rose modestly in Q2 and is expected to be flat to slightly stronger in Q3.
  • Mortgage spreads widened slightly, consistent with upward pressure on rates.
  • Corporate loan spreads widened for mid-sized firms and are expected to widen for large firms in Q3.

  

  • Default rates were broadly unchanged across all borrower categories. Although, there was a slight uptick in losses given default on secured household loans and large corporate loans.

  Source
• Bank of England Credit Conditions Survey: Q1 2025 2025-04-17 04:30
  

  Lenders reported that the availability of secured credit to households slightly increased in Q1 2025 and was expected to increase over the next three months to Q2 2025.

  • Lenders reported that the availability of unsecured credit to households increased in Q1 and was expected to increase in Q2.

  

  • Lenders reported that the overall availability of credit to the corporate sector slightly increased in Q1. Credit availability for small and medium-sized businesses increased in Q1, while credit availability for large businesses was unchanged. Overall credit availability to the corporate sector was expected to be unchanged in Q2.

  

  • Lenders reported that demand for secured lending for house purchase increased in Q1, but was expected to be unchanged in Q2.

  

  • Lenders reported that demand for corporate lending from small businesses slightly increased while demand from medium-sized and large businesses increased in Q1.
  • Demand for corporate lending in Q2 was expected to be unchanged for small and medium-sized businesses, but was expected to increase slightly for large businesses.

  Source
• Bank of England Credit Conditions Survey: Q4 2024 2025-01-16 04:30