UK lenders expect biggest fall in mortgage demand since Q2 2020

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Reuters UK

LONDON (Reuters) -British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end of August, a further sign that the housing market is cooling in the face of surging inflation. The Bank of England’s quarterly Credit Conditions Survey showed the net balance of expectations among lenders for mortgage demand sank to -41.9. Expectations were last lower in the second quarter of 2021 and the last time there was weaker actual demand was in the second quarter of 2020. Thursday’s BoE survey – which was conducted between May 30 and June 17 – chimes with …

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