Lending criteria set to tighten further

Story link: Lending criteria set to tighten further

A report by the Bank of England has revealed fresh concern over mortgage lending.

In its latest Credit Conditions Survey covering the three months to early June 2010, the Bank of England said the wholesale money markets that fund the lenders is tightening and therefore, mortgages are expected to be “less readily available”.

http://www.homemove.co.uk/news/02-07-2010/lending-criteria-set-to-tighten-further.html