One of the Bank of England’s most senior figures has
warned homebuyers that there will be a clampdown on house purchases if there is
any evidence that increasing prices are spiralling out of control. Andrew
Bailey, deputy governor of the Bank and the man charged with ensuring financial
stability in the UK, said the housing market was one of the key issues for
2014. He said controls could include strengthening the tests potential buyers
have to go through before they are offered a mortgage and increasing the amount
of capital banks have to hold against household lending. Read more on the Daily
Telegraph website.
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