The report of the Bank of England

The report of the Bank of England showed that British banks and building societies are more willing to homeowners and businesses in the next quarter.

The report also found that despite the tightening of lending criteria in recent times, the availability of credit to large firms has increased during the first three months of this year.

"The economic outlook should not be a factor affecting the availability of credit, the Bank of England, the survey said the new lenders.

"Improvements in the cost and availability of resources to support the expected increase in credit availability for the next three months, the report said."

In addition, demand for loan guarantees to the household and would have to remortgaging in the last quarter, but the majority of banks and construction companies in question for the Bank that the investigation into the credit terms, they ' expecting an increase in loans to households in the second quarter.

Howard Archer, chief UK and European economist at IHS Global Insight, told the Times that the current investigation shows the various political actions undertaken by the Central Bank and the government encourage loans to start a positive impact. "

Archer hopes that the recent introduction of quantitative easing will continue to improve.

Meanwhile, the lack of mortgages has focused on the housing market and led to the decline of the house. But today, the country showed a 0.9% monthly increase in the average cost of a house, suggesting that the housing market stabilizes.

The building society said house prices rose last month for the first time since October 2007, with the average British home to £ 150,946.