Bank of England rejects risk floor in mortgage market clampdown
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Bank of England rejects risk floor in mortgage market clampdown

The Bank of England is proposing changes to its regulatory regime to put a hard 15% limit on new mortgages at more than 4.5 times loan to income, in an effort to clamp down on what it sees as an increasingly overleveraged UK housing market, and limit the downside macro risks if it falls apart.

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