Lenders expect mortgage demand to shrink in early 2025, Bank of England finds

Demand for mortgages from home buyers is expected to fall back in early 2025, according to a Bank of England survey (Anthony Devlin/PA) - (PA Archive)

Demand for mortgages from home buyers is expected to fall back in early 2025, according to a survey of banks and building societies.

Lenders reported that mortgage demand for house purchases increased in the final months of last year, but was expected to decrease in early 2025.