Bank of England warns action may need to be taken in the buy to let property market following a sharpincrease in the number of properties acquired by investors with the intention of renting them out
The Bank of England might take action after a sharp increase in the number of properties acquired by investors with the intention of renting them out, a top policymaker at the central bank said on Wednesday. " Buy-to-let has grown faster than any other part of the housing market," Sir Jon Cunliffe, a BoE deputy governor, told BBC Radio 5 live interview, on the wake up to money programme. David Jones Radio 5 Live Interviews Sir Jon Cunliffe Deputy Governor of BoE , on Wake Up to Money "When you find one sector of the property market growing fast ... then I think you have to ask questions about are there risks here, and you have to monitor those risks and if necessary you have to take action to curtail those risks." The BoE took no action on the buy-to-let market at the latest meeting of its Financial Policy Committee, the results of which were announced on Tuesday. The FPC has previously said it was monitoring the market. Cunliffe also t...