Property News · November 17, 2016

Bank of England given new powers to curb risky buy-to-let lending


Treasury to give Bank ability to restrict size of loans amid concerns that sector may pose a danger to the financial systemThe Bank of England is being handed powers to curb any lax lending in the fast-growing buy-to-let mortgage sector, which it has previously identified as posing a potential risk to the financial system.The Treasury is to give Threadneedle Street the ability to restrict the size of loans relative to the value of the property and also limit the size of loans relative to the amount of rent landlords receive to cover interest payments. Continue reading…

Source : theguardian.com
Read more…Bank of England given new powers to curb risky buy-to-let lending

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