BoE paper highlights link between mortgage limits and consumption

Bank of England
Photo: Juno Snowdon Photography

Research published by the Bank of England sheds new light on how constraints on mortgage borrowing impact consumption, adding to a growing body of evidence on links between the financial sector and real economy.

The working paper, by Belinda Tracey and Neeltje van Horen, explores how the relaxation of constraints on down payments for houses affects consumption.

“We show that relaxing the down payment constraint positively affects household consumption in addition to stimulating housing market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: