Mortgages
Commons · Question 31917 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 3 Mar 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, if she will make an estimate of the number of additional mortgages that could be approved by increasing the 15% cap on bank mortgage lending above 4.5 times income to (a) 17.5%, (b) 20% or (c) removing the cap entir
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...