• UK lenders expect significant decrease in supply of unsecured lending to consumers in next 3 months, credit score criteria to tighten significantly in Q1 - Bank of England

Market news

11 January 2018

UK lenders expect significant decrease in supply of unsecured lending to consumers in next 3 months, credit score criteria to tighten significantly in Q1 - Bank of England

  • Expect no change in supply of mortgage lending over next 3 months

  • Expect biggest fall in proportion of unsecured loan applications for approval over next 3 months since Q4 2008

  • Weak demand for loans for business investment in next 3 months

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