The supply of secured household credit is rising, with the trend set to continue, according to the latest Bank of England credit conditions survey.

The survey found that the availability of secured credit to households increased in the three months to the end of November 2025.

The Bank recorded a net percentage balance of 30.3 from lenders during the period, with this expected to drop to 9.1 for Q1 2026.

A positive net percentage balance means that lenders either report or expect a higher level of whatever is being measured, in this case secured credit availability.

When the Bank says an ‘increase’, it means a net percentage balance greater than 10 in absolute terms, and a ‘slight’ change refers to a net percentage balance of between 5 and 10 in absolute terms.

Lenders expect household secured credit supply to increase slightly over the next three months to the end of February 2026.

However, lenders reported that demand for secured lending for house purchase decreased in Q4, to -13.9 from 0.7. Mortgage lenders expect this decrease to continue in Q1, to -11.

Demand for secured lending for remortgaging was unchanged in Q4 at -3.9, and was expected to increase in Q1 to 17.4.

Lenders reported that default rates on secured loans to households decreased in Q4, and were expected to fall in Q1.