Mortgage availability to worsen over next three months

A quarter one survey by the Bank shows lenders expect a larger reduction in available secured credit than in the three months to the middle of March. Providers expect to tighten credit scoring and reduce maximum loan-to-value (LTV) ratios as they did previously following a fall in risk appetite and increased concerns about the macro-economy and housing market. The Bank assigned each lender a score based on its survey response. Positive balances indicate lenders expected demand, credit availability or defaults to become higher than over the previous or current three-month period, or tha...