UK lenders expect further widening of mortgage spreads: BoE

Bank of England Monetary Policy Report News Conference, in London
The logo of Bank of England is pictured during the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/Pool

LONDON, Jan 19 (Reuters) - British lenders surveyed in late November and early December predicted a further widening in mortgage lending spreads in the three months to the end of February, according to a Bank of England survey released on Thursday.

The BoE's quarterly Credit Conditions Survey also showed lenders expected the availability of mortgages, consumer loans and corporate credit to decrease in the December-February period, and for loan defaults to rise.

The BoE conducted the survey between Nov. 21 and Dec. 9.

Reporting by David Milliken Editing by William Schomberg

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