Bank of England bank credit conditions survey – 2021 Q4

The Bank of England published the results of the latest quarterly credit conditions survey covering:

•    Secured and unsecured lending to households; and

•    Lending to non-financial corporations, small businesses, and non-bank financial firms.

On supply, lenders reported that:

•    Lenders reported that the availability of secured credit to households increased in the three months to end-November 2021 (Q4). Lenders expected the availability of secured credit to increase over the next three months to end-February 2022 (Q1).

•    Lenders reported that the availability of unsecured credit to households increased in Q4 and was expected to increase in Q1.

On demand, lenders reported that:

•    Lenders reported that demand for secured lending for house purchase decreased in Q4, and was expected to decrease in Q1. Demand for secured lending for re-mortgaging increased in Q4, and was expected to decrease slightly in Q1.

•    Lenders reported that overall demand for unsecured lending increased in Q4, and was expected to increase in Q1. Within the overall figure, demand for both credit card lending and other unsecured lending increased in Q4. Demand for credit card lending was expected to increase in Q1, whereas demand for other unsecured lending was expected to be unchanged in Q1.

Source: Bank of England