Price cuts from lenders have helped to push up the share of high LTV loans and fixed-rate deals, suggesting that the mortgage price war is increasingly making its mark. But there is little sign that lenders have allowed their credit standards to slip. That is consistent with our view that a recovery in mortgage lending is not imminent.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services