Warning on risky loans

Share this article
Katherine Proietti, landlady of the Sunshine Inn in Farlington with Brian Myall who has Parkinson's Desease. The pub has raised money for Parkinsons support in Cosham. 'Picture: Ian Hargreaves

Signed 2008 Pompey shirt is top prize in Sunshine charity day

0
Have your say

THE Bank of England has stepped in to cool the housing market with a warning to lenders to prevent a build-up of risky, high-value loan-to-income mortgages.

The bank’s financial policy committee has said loans of 4.5 times a borrower’s income or higher should account for no more than 15 per cent of new mortgages issued by lenders.