Written Question·Treasury·UIN 31916

Mortgages: Bank of England

Tabled: 21 February 2025

Answered: 3 March 2025

Question

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

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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