Truth Check/8 October 2026

“Bank of England Credit Conditions Survey 2026 Q3 (8 Oct): secured credit availability and demand for house-purchase and remortgage lending 'decreased' in the three months to end-August; availability expected to 'increase slightly' and remortgage demand to 'increase' in Q4; survey conducted 17 August to 4 September”

The Bank's own survey page states each direction in its Supply and Demand sections and defines a 'decrease' as a net percentage balance below -10.

Checked Against

bankofengland.co.uk ↗Primary

Read the Check

Bank of England: lenders report that the availability of mortgage credit and demand for house-purchase lending both "decreased" in the three months to August, with a slight rise in both expected by November

The Q3 Credit Conditions Survey, from lenders' own responses gathered between 17 August and 4 September: secured and unsecured credit availability down, demand for house-purchase and remortgage lending down, credit to small and medium-sized businesses down. On the Bank's scale a "decrease" is a net balance below -10. The Bank: "The results do not necessarily reflect our views on credit conditions."

Every claim we have checked, in the Ledger.