Written Question·Treasury·UIN 31917

Mortgages

Tabled: 21 February 2025

Answered: 3 March 2025

Question

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

Emma Reynolds

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...

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