questionText: 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.
answerText: 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...
heading: Mortgages: Bank of England