Make Kitco Your Homepage

UK lenders see stable mortgage demand after Q2 pick-up - BoE

Kitco News

LONDON, July 18 (Reuters) - Lenders in Britain said demand for mortgages rose significantly in the second quarter and is expected to hold steady in the third quarter, a Bank of England survey showed, adding to other signs that a housing market slowdown might be bottoming out.


Britain's housing market has slowed since the June 2016 Brexit referendum.


The BoE survey published on Thursday also showed demand for unsecured lending fell in the second quarter, pushed down by credit card lending. Credit card lending was expected to pick up in the third quarter, it showed.


(Writing by William Schomberg; editing by Kate Holton)

Reuters Messaging: william.schomberg.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.