• Expect to offer more high LTV mortgages in Q2 despite weak prospects for house prices
  • Lenders reported unexpected rise in mortgage defaults in Q1 (UNEXPECTED!!, these people should get out in the real world), expect further increase in Q2 (REALLY?)
  • Expect availability of corporate loans to increase a little in Q2 after small Q1 rise
  • Spreads on secured household lending fell unexpectedly in Q1, likely to continue to fall in Q2