The Bank of England will be granted new powers to curb mortgage lending for buy-to-let investors to protect the economy from a possible collapse in the sector, it was announced on Wednesday.
From early 2017, the Bank will have the authority, via the UK financial regulators, to limit buy-to-let mortgage lending, both in terms of loan-to-value limits, and affordability of repayments.
Source Moneywise http://ift.tt/2f3aWIQ
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