BOE Credit Conditions Survey: Brexit looks to have hit demand for UK mortgages
|Bank of England (BOE) published its latest credit conditions survey for the third quarter, which showed that the Brexit fallout appears to have a negative impact on the demand for UK mortgages.
Key Headlines:
Brexit looks to have hit demand for uk mortgages
Lenders saw demand for secured lending for house purchase fall significantly in q3 2016
Overall demand for corporate lending from small, medium & large businesses decreased significantly
Cost of credit to most businesses appears to have fallen alongside recent decreases in reference rates
The average cost of funding fell slightly in the 3-months to mid-September
Bank funding conditions have seen a substantial improvement throughout Q3 2016
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