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Posted on 11/01/2016 by Sulgrave Estates

Bank of England powers extended to Buy to Let Market

The Chancellor is giving the Bank of England greater powers over controlling the buy to let mortgage market. Buy to let mortgage lending has increased by 40% since 2008 compared to just 2% for owner occupied mortgages. The Bank of England has warned that the buy to let market poses an increased threat to the stability of the housing market because rising property prices expose vulnerabilities that ...