Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Banks prepare to tighten supply of new mortgages

by April 14, 2023
April 14, 2023
Banks prepare to tighten supply of new mortgages

Lenders expect to ease the supply of new mortgages in the coming quarter, according to the Bank of England’s latest study of bank intentions.

There was little evidence in the survey of a wider or deeper credit crunch, but the study came too late to give a full verdict on sentiment in the wake of recent banking turmoil.

Overall, the report for the first quarter showed credit availability to households and businesses had changed little from the previous quarter.

Lenders expected to cut credit to households modestly in the second quarter, with caution centred on the mortgage market. The supply of mortgages in the first quarter was at its most plentiful for a year. “Despite all the monetary tightening and the turmoil of March, there is not too much evidence of banks pulling back,” Liz Martins, an economist at HSBC, said.

The survey ran from February 27 to March 17, so some responses predated the failure of Silicon Valley Bank, which occurred on March 10, and the worst of the Credit Suisse panic that led to its rescue and sale to UBS.

Lenders signalled that loan spreads — the additional interest that banks charge to borrowers over and above the market rate — – were likely to narrow in the second quarter.

Andrew Wishart, at Capital Economics, said: “Banks expected their risk appetite to decline in the second quarter at the expense of market share, which could reflect caution in reaction to banking sector issues overseas.”

Read more:
Banks prepare to tighten supply of new mortgages

0
FacebookTwitterGoogle +Pinterest
previous post
Gavin Newsom’s office fails to provide proof of Florida college book ban claimed by California governor
next post
2 in 5 mothers say high costs are still keeping them out of the workplace

You may also like

Exploring the World of Custom Hats: A Guide...

January 3, 2025

Next profits top £1bn for the first time,...

March 27, 2025

The Success Of Bitcoin Written In Pandemic

October 20, 2022

Musk asks Twitter users to decide if he...

December 19, 2022

UK economy posts strongest growth in a year,...

May 15, 2025

Jobseekers rise at fastest rate in five years...

April 11, 2025

‘Worst run for house prices since 2008’ as...

December 30, 2022

Santander calls for government focus on leadership, digital,...

October 7, 2024

Royal Mail workers set to walkout in fresh...

October 12, 2022

West Midlands named second in Europe for foreign...

February 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved