The 2019 Q1 survey was conducted between 4 and 22 March 2019.

• Lenders reported that the availability of secured credit to households had increased slightly in the three months to end‑February 2019 (Q1) and was expected to be unchanged over the next three months to end‑May 2019 (Q2).

• Lenders reported that demand for secured lending for house purchase was unchanged in Q1, and was expected to decrease in Q2. However, demand for secured lending for remortgaging increased significantly in Q1, with demand expected to increase again in Q2.

• Overall spreads on secured lending to households — relative to Bank Rate or the appropriate swap rate — were reported to have remained unchanged in 2019 Q1, however they were expected to widen in Q2.

• Lenders reported that default rates on secured loans to households were unchanged in Q1, and expected these to remain unchanged in Q2. Losses given default on secured loans were unchanged in Q1, and were expected to increase over 2019 Q2.