Tag Archives: Expanded mortgage powers pushed toward a reluctant Bank of England

The Bank of England may be granted mortgage powers it doesn’t want or need. Imagine a world where the fate of first-time homebuyer policy is decided by bankers and not politicians — though the issue, to be clear, is becoming very political. The House of Commons Treasury Committee in the United Kingdom is pushing for the Bank of England to have the ability to stop mortgage lending in a time of economic boom. The feeling here is that the BofE can cut off any potential housing bubble before it bursts, […]