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