Mortgages: Bank of England
Commons · Question 31916 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 3 Mar 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Bank of England's Financial Policy Committee's 15% cap on mortgage lending.
Answer
Answered by Emma Reynolds, 3 Mar 2025
The flow limit, which limits the number of mortgages extended at loan-to-income (LTI) ratios of 4.5 or higher to 15% of a lender’s new mortgage lending, is set by the independent Financial Policy Committee (FPC) of the Bank of England.While the Government...