Bank of England warns of risks in relaxing mortgage limits

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The story "Bank of England warns of risks in relaxing mortgage limits" was covered 1 days ago by Financial Times, a news publisher based in United States.

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Financial Times 1d ago

Bank of England warns of risks in relaxing mortgage limits - Financial Times

Quick Summary:

His comments indicate the BoE is reluctant to further relax restrictions on British banks’ mortgage lending after having done so as recently as November.

The FPC limits banks above a certain size to lending no more than 15 per cent of mortgages worth more than 4.5 times a household’s income.

Reeves and Prime Minister Sir Keir Starmer have urged all UK regulators, including the BoE and FCA, to do more to support its goal of reviving the country’s stagnant economy by easing the burden of rules on business.