Property News · March 16, 2018

Mortgage lenders taking increasing risks, warns Bank of England


Threadneedle Street puts banks on notice as it prepares for annual stress test of resilienceThe Bank of England has warned high street banks are taking increasing risks selling mortgages and commercial loans that could threaten the stability of the financial system if left unchecked. Threadneedle Street put banks on notice that it could force them to strengthen their financial reserves after finding almost a fifth of new mortgage lending has gone to customers who only just meet its affordability rules. Continue reading…

Source : theguardian.com
Read more…Mortgage lenders taking increasing risks, warns Bank of England