Bank of England terminates mortgage support


The Bank of England (BoE) moved to head off the UK's escalating house prices today as it unveiled an array of new policies headlined by the withdrawal of subsidised funding for banks' mortgage lending.

The central bank and UK Treasury will channel the entirety of their Funding for Lending Scheme (FLS) toward lending to businesses – predominantly small- and medium-sized enterprises (SMEs) – as of 2014. Banks will no longer be able to secure cheap funding by expanding their mortgage portfolios.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: