UK credit conditions little changed in Q3

The Q2 survey showed little change in credit availability for unsecured household lending and corporate lending but some increase in mortgage availability. Demand for mortgages are expected to remain strong and that banks will expect their availability to increase to match this. 

Within corporate lending, availability has increased sharply for small businesses, but mostly just reversing big reductions in availability in previous quarters, so a much smaller increase is expected in Q3. The main feature of the survey should be that overall credit availability should only have increased slightly in the last quarter and that situation should be expected by the banks to remain the case in the current quarter.