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BREAKING NEWS

Lenders see stable mortgage demand after second-quarter pick-up - BoE

Lenders see stable mortgage demand after second-quarter pick-up - BoE
FILE PHOTO: Hot air balloons fly over Canary Wharf during the Lord Mayor's Hot Air Balloon Regatta, in London, Britain June 9, 2019. REUTERS/Simon Dawson/File Photo -
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Simon Dawson(Reuters)
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LONDON (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)

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