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Aldermore comments on Bank of England’s credit conditions survey

POSTED: 13th January 2017
IN: Newsroom
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Commenting on the Bank of England’s Credit Conditions Survey for Q4 2016, Charles Haresnape, Group Managing Director, Mortgages, at Aldermore, said:

“The data released by the Bank of England showed a stable borrowing picture after a fall in the third quarter. While availability of secured credit to households is expected to increase slightly over the next few months, this is likely to be moderated in the mortgages market by recent changes to affordability checks by lenders. 
 
“The overall picture for 2016 showed that demand for buy-to-let borrowing rose significantly despite the tax changes introduced in April 2017 is unlikely to show significant increases in mortgage volumes, but we can expect to see a continued but slower upward trend over the next year.”
 
**Ends**

 

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