Bank of England readies tools to rein in risky mortgage lending - Interactive Investor |
Bank of England readies tools to rein in risky mortgage lendingInteractive InvestorLONDON (Reuters) - The Bank of England urged banks on Thursday to consider the risk of future spikes in interest rates when they approve mortgages, and prepared tools to rein in potentially dangerous lending. British house prices have risen by around 10 percent over the past year, and the central bank ... "We expect the UK regulator will eventually settle on a 4-4.5 percent hurdle rate, to be achieved by end-2017. Barclays looks most at risk," Citi bank said in a research note. The FPC also said it was minded to ...and more » |
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