Lower prices have encouraged borrowers to take out higher LTV loans. But lenders have maintained their credit scoring standards and maximum LTI ratios, and that is unlikely to change anytime soon. Combined with the effect of high house prices, we expect any recovery in overall lending in 2020 to be limited.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services