The U.K.’s amateur landlords, already bruised by higher
taxes when they buy rentals and lower rates of tax relief, could be facing a
new blow. George Osborne told lawmakers in October that Bank of England will
get powers to regulate the so-called buy-to-let market as soon as possible. The
central bank may move as soon as Tuesday’s meeting of the Financial Policy
Committee to curb lending for rentals. Governor Mark Carney moved to limit the
riskiest loans to homeowners last year by setting loan-to-income limits for
some mortgages. Lending to landlords soared afterward, leading Jon Cunliffe,
the Bank of England’s deputy governor for financial stability, to warn that
investors could amplify an adverse shock to the housing market because they
might seek to sell their rentals. Read more on the Bloomberg Business website.
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