UK expected credit demand: secured household lending
UK expected credit demand: secured household lending stood at 9.8 Net percentage balance in Q3 2026, according to Bank of England — Credit Conditions Survey. It is one of the indicators in the Credit Conditions Survey table (Value · Quarterly), with a complete series running from Q2 2007 to Q3 2026. The complete series with an interactive chart, free to download.
This indicator in the Credit Conditions Survey table
| Indicator | Q3-2026 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Demand for credit, expected next three months | |||||||||||
| Households, secured lending | 9.8 | -23.2 | 30 | -11 | 4.5 | -18.5 | -2 | -10.6 | 34.1 | 1 | |
| Households, unsecured lending | 5 | 2 | -0.6 | -0.8 | 2.2 | 2.2 | 15 | 7.7 | -9.7 | -3.2 |
Understanding UK expected credit demand: secured household lending
Retail mortgage lenders and building societies evaluate the net percentage balance of anticipated borrower inquiries for secured household lending across the United Kingdom. This forward-looking metric captures projected consumer demand for residential house purchase mortgages and remortgaging products over the upcoming quarter, excluding unsecured personal loans and credit cards. Participating institutions report whether they expect prospective homebuyers and property owners to increase or decrease their mortgage applications.
Evaluating these expectations requires accounting for predictable seasonal patterns in the property market, such as spring buying surges and winter slowdowns. Analysts compare forward-looking expectations against subsequent back-cast figures to gauge forecasting accuracy among retail lenders. This series measures anticipated application volumes rather than completed housing transactions or approved lending values, meaning changes in conveyancing speeds can create divergences with actual mortgage completions.
Frequently asked questions
- What constitutes secured household lending in this survey?
- Primarily residential mortgages secured against property, excluding unsecured forms of borrowing like personal loans.
- Does this series predict house price movements?
- It measures expected credit demand rather than property prices, though mortgage demand often correlates with market activity.
- Are remortgaging applications included alongside new home purchases?
- Yes, both house purchase mortgages and remortgaging inquiries contribute to overall secured household credit demand.