George Osborne has responded to Bank request that will allow it to restrict size of landlords’ mortgages in order to preserve financial stabilityGeorge Osborne is preparing to hand the Bank of England extra powers to rein in the rapidly growing buy-to-let market,in an attempt to prevent landlords exacerbating movements in house prices and threatening financial stability.
Responding to a request from Threadneedle Street, the chancellor signalled he was alert to let policymakers restrict the size of landlords’ mortgages relative to the value of a property and to rental payments.
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Source: theguardian.com