Banks accused on 'token' mortgages | This is Money

Banks accused on 'token' mortgages | This is Money

Bank of England figures will this week throw a spotlight on how banks treat their customers, as they reveal another month of sluggish borrowing on mortgages and consumer credit.

Some say that is due to households 'deleveraging' – jargon for borrowing less and saving more.
But suspicion is growing that banks are deliberately pricing their loans so as to shrink public appetite for debt.

That suspicion has spread to the politically sensitive area of lending to small businesses.