Bank of England awaited to halt buy-to-let lending
March 29, 2016 9:09 am
The Bank of England is anticipated to slow down on buy-to-let lending upon releasing the data on mortgage market for lessors.
The central bank is worried about the amount of money entering the market and its susceptibility to small increments in borrowing costs. It is also anxious the lenders have eased standards for landlords, instituting conditions for a property crumble.
On Tuesday, the Prudential Regulation Authority will release a report on underwriting regulations for buy-to-let creditors, as well as situations for assessing the financial vitality of UK banks.
The material has been provided by InstaForex Company – www.instaforex.com
The Bank of England is anticipated to slow down on buy-to-let lending upon releasing the data on mortgage market for lessors.
The central bank is worried about the amount of money entering the market and its susceptibility to small increments in borrowing costs. It is also anxious the lenders have eased standards for landlords, instituting conditions for a property crumble.
On Tuesday, the Prudential Regulation Authority will release a report on underwriting regulations for buy-to-let creditors, as well as situations for assessing the financial vitality of UK banks.
The material has been provided by InstaForex Company – www.instaforex.com
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