Lenders expect to make more credit available: BoE

The BoE's quarterly report showed lower funding costs had boosted the availability of secured credit to households in the second quarter for the first time since the third quarter of 2007. "While concerns about the economic outlook had continued to bear down on credit availability, the impact had been smaller than in previous surveys," the report says. Demand for secured lending for house purchase was reported to have increased over the past three months while demand for secured lending for remortgaging declined further. Lenders expected that demand for secured lending would remain ...