BusinessQuiet 14d · day 14
Bank of England Weighs Raising Threshold on Risky Mortgage Lending
The central bank is reportedly considering loosening a key limit on higher-risk mortgages after pressure from government and lenders to boost home-ownership.
What to know
- The Bank of England is reportedly weighing an increase to the threshold that limits higher-risk mortgage lending.
- The potential move follows pressure from the UK government and mortgage industry to boost home-ownership.
- The change, if adopted, could ease access to riskier home loans and support the housing market.
- No final decision has been confirmed; reporting so far stems from an FT report relayed by Bloomberg and other outlets.
Bank of England UK central bankUK government Policy stakeholderUK mortgage industry Lenders and industry bodies
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11now · 10:17 PM ET
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Bloomberg confirms FT report on BoE mortgage review
Bloomberg Economics relays the FT report, noting the potential policy shift could support the UK housing market by easing restrictions on higher-risk mortgage loans.
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first by Bloomberg Economics, 13d ago · also Bloomberg
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FT reports BoE exploring higher-risk mortgage threshold
The Financial Times reports that the Bank of England is considering lifting the threshold on higher-risk mortgage lending, responding to calls from the UK government and mortgage industry to boost home-ownership.
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first by FT, 13d ago
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