Bank lending to be cut back?

Finance

A Credit Conditions Survey report published by the Bank of England seems to suggest that lenders may introduce a reduction in mortgage availability to house buyers – especially for buyers with smaller deposits – making low deposit mortgages more difficult to obtain. Cheap credit card deals may also be more difficult to find too.

It would appear that banks and building societies may restrict lending slightly as they become more cautious about the condition of the economy.

Credit Conditions Survey report.

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