Bank curbs riskier mortgage lending

Press Association
PA
PA

%VIRTUAL-SkimlinksPromo%The Bank of England has moved to put curbs on riskier mortgage lending with a new cap on home loans and stronger checks to make sure borrowers can afford their repayments.

Experts described the announcements as an insurance policy to prevent the housing market from overheating at some point in the future rather than a fire extinguisher to put out all the flames of activity now.