UK expected lending spreads: secured households
UK expected lending spreads: secured households stood at 17.3 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lending spreads, expected next three months | |||||||||||
| Households, secured lending | 17.3 | 32.5 | 1 | 20.2 | 3.4 | 1.2 | 0.6 | 9.3 | 14 | -6 | |
| Households, unsecured lending | -0.4 | 13.8 | -20.4 | -29.8 | -25.3 | -26.7 | -13 | -23.1 | -26.7 | -0.7 |
Understanding UK expected lending spreads: secured households
Residential mortgage lenders forecast the net percentage balance of institutions intending to alter credit spreads on secured household lending across the United Kingdom over the next three months. This forward-looking metric captures projected changes in pricing margins for residential mortgages, separating property-secured finance from unsecured consumer credit and corporate loans. Survey respondents project whether mortgage spreads will widen or narrow in the upcoming quarter.
Interpreting these expectations requires recognising that lender pricing plans can be rapidly overridden by unexpected shifts in wholesale funding costs or competitive mortgage market dynamics. Comparing forward projections with subsequent realised spread data helps analysts gauge the forecasting reliability of retail lenders. This series measures anticipated pricing strategy rather than definitive cost changes experienced by borrowers.
Frequently asked questions
- What timeframe do these expected spread projections cover?
- The upcoming three months following the survey date.
- Does an expected widening spread mean mortgages will become costlier?
- It indicates lenders plan to increase pricing margins over benchmark rates, which typically results in higher borrowing costs unless benchmark rates fall.
- How does this differ from past lending spread measures?
- It looks forward at intended pricing adjustments rather than reporting changes that occurred over the preceding quarter.