Buy-to-let boom could jeopardise financial stability, says Bank of England
by Jill Treanor from Economics | The Guardian on (#D00K)
Looser lending requirements for landlords could bolster house prices but also exacerbate falls if borrowers need to sell when interest rates rise, Bank says
The buy-to-let boom could pose a risk to financial stability, the Bank of England said on Wednesday as it prepared to embark on a review of the potential pitfalls of the housing market.
The Bank is assessing buy-to-let as part of its analysis and remains concerned about the level of household debt.
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