As part of the Bank of England’s on-going duty of care their accountability extends to the many lenders throughout the country. They try and understand the trends and developments in credit conditions.
This quarterly survey of bank and building society lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to households; and lending to non-financial corporations, small businesses, and to non-bank financial firms. Along with various data sources and discussions between the major UK lenders this survey serves as an input into the quarterly review which presents the Bank of England’s assessment of the latest developments in bank funding, and household and corporate credit conditions.
Here at Konnect Financial responsible lending is part of our culture and we will try out best to secure you the best rates around with an affordability scale that is constantly measured and reviewed.
Give Konnect Financial a call at 0333 011 2208 or fill our contact us form or just send us an email at email@example.com to discuss this option for your business.