questionText: To ask the Chancellor of the Exchequer, if she will make an estimate of the number of additional mortgages that could be approved by increasing the 15% cap on bank mortgage lending above 4.5 times income to (a) 17.5%, (b) 20% or (c) removing the cap entir
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