The Bank of England said overall availability of secured credit to households increased significantly in the quarter to September, in contrast to previous expectations for little change.
Vicky Redwood, chief UK economist for Capital Economics, said: "Overall, the outlook for bank lending is better than it was a few months ago, helped by the latest policy initiatives. Nonetheless, we think it will be a long and slow process to get credit flowing freely around the economy again."
Source: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9568420/Mortgage-availability-shows-significant-improvement-says-Bank-of-England.html