BoE FPC wary of buy-to-let risks
UK government caps tax relief on buy-to-let property
The Bank of England (BoE) financial policy committee (FPC) is wary of financial stability risks in the UK housing market transferring to the buy-to-let segment, according to the record of its June 24 meeting.
The FPC has the power to limit residential mortgage lending at high loan-to-value or debt-to-income ratios for owner-occupied mortgages but not for buy-to-let mortgages, which now account for 15% of the outstanding stock.
Consequently the FPC asked the BoE to collect more data on the buy-to
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