Carney: home loans may be curbed

The Bank of England will intervene to restrict mortgage lending if surging property prices create an unsustainable housing bubble, new governor Mark Carney has warned.

Mr Carney said policymakers were closely monitoring Britain's resurgent property market, which has seen home loan approvals rise by 20% and prices lift 5% in the last year amid government measures to revive transactions.
%VIRTUAL-SkimlinksPromo%