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The central bank said the outlook for financial stability had worsened since its last report in November, saying a rebound in Chinese lending was "concerning" and that June 23's vote on leaving the EU was now the biggest domestic risk. BoE Governor Mark Carney came under fire from some pro-Brexit lawmakers earlier this month for exaggerating the dangers of leaving the EU, though the central bank does not have an official position on whether Britain should remain. The BoE's Financial Policy Committee, which Carney chairs, said on Tuesday that "heightened and prolonged uncertainty ... could lead to a further depreciation of sterling and affect the cost ... of financing for a broad range of UK borrowers." Sterling has fallen to a seven-year low against the dollar since the start of the year and markets price in extra volatility for around the date of the referendum. While much of the BoE's concern about Brexit was familiar, less expected was its...

British banks will find out on Tuesday if the Bank of England wants them to start building up extra capital buffers to guard against looser lending standards and prepare for this year's test of their crisis resilience. Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group are some of the lenders subject to the BoE's 'stress tests', which in previous years have assessed if they could cope with a house price crash or an emerging market slump. These banks and other lenders may also have to set aside more funds if the central bank decides the time is right to raise the cyclical element of its capital framework, which rises and falls as the risk of imprudent lending changes over the course of a business cycle. Members of the central bank's Financial Policy Committee, who met this week, were split in December on whether it was time to raise the new counter-cyclical capital buffer banks must hold to 1 percent - its neutral level - from zero. Even if the buffer d...

More buy-to-let landlords searching for mortgages on cheaper properties Purchasers of buy-to-let properties are turning to the cheaper end of the market as low rates encourage buying but incoming regulation douses demand for more expensive homes. Landlord borrowers are moving away from higher-priced properties towards those valued below £150,000, according to research that tracks 250,000 monthly mortgage product searches carried out through price comparison websites. The data, produced by the broker Mortgage Advice Bureau and search tool provider Twenty7Tec , will cause concern among housing policymakers who have warned of intensifying competition between first-time buyers and buy-to-let landlords for affordable properties. The number of buy-to-let landlords searching for mortgages on cheaper properties has risen to 70%, up 17% on the same quarter last year, according to the Mortgage Search Tracker from Mortgage Advice Bureau . Seven in ten buy-to-let investors looking ...

Aldermore has released a new limited edition buy-to-let remortgage product, the Bank’s lowest ever buy-to-let term variable. Who is Aldermore Bank Available immediately the new product includes:   3.49% variable rate for term (AMR -1.49%)  Up to 80% LTV  Rental calculation based on the product pay rate This new product is available to all those looking to remortgage and carries a 2.00% completion fee. The new offering provides landlords with Aldermore’s lowest ever buy-to-let term variable rate, and with no reversion rate, and the calculation of pay rates on rental yields, landlords are able to borrow a larger amount. This remortgage option also supports Aldermore’s no portfolio limits policy. how they function Charles Haresnape, Group Managing Director – Mortgages at Aldermore said: “With the current range of competitive mortgage products available, it is no surprise that we are seeing higher remortgaging levels, with the number of remor...