The Bank of England has again expressed concern about the UK's buy-to-let property market. The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action. "There are a number of things happening ... we are watching it closely and we will take action," he told the FT . Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell. In September, the Bank's Financial Policy Committee (FPC) made a similar warning about the buy-to-let market. The committee, which is led by Mr Carney, said the growing market posed a threat to the UK's financial stability. "The stock of buy-to-let lending might be disproportionately vulnerable to very large falls in house prices," the FPC said. Buy-to-let rush? Since the FPC's warning, Chancellor George Osborne has announced that stamp duty rates will rise steeply f...
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