» Friday, June 13, 2014


Asked whether the government has a view on what the bank lending rate for mortgages should be, the PMS said that these were decisions for banks to make. He added that the Prime Minister?s view on the housing market was one of vigilance and it was right that the government had set up the Financial Policy Committee and created a new system of tighter regulation. He added that the Bank of England had already made changes to regulation of mortgages, with tighter approvals introduced in April.

original source.

Briefing took place at 16:50 | Search for related news

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