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<p>The Funding for Lending Scheme was introduced against a background of elevated bank funding costs for UK banks. The scheme aimed to ease credit conditions to the UK economy as a whole. Given the successful developments in household credit conditions, the Bank and HM Treasury announced on 28 November that the extension would be refocused to support business lending.</p><p>Against the changing conditions in the housing market, house prices have been stable across most UK regions over the last two years.</p> |