The Government has announced that from early 2017, the Financial Policy Committee (FPC) will be able to direct the PRA and FCA to require regulated lenders to place limits on buy-to-let mortgage lending in relation to:
- loan-to-value ratios; and
- interest coverage ratios.
The announcement follows the Government’s earlier consultation on the FPC’s recommended powers relating to the buy-to-let market. Our blog on the consultation can be found here.
View New buy-to-let powers to help the Bank of England enhance financial stability, 16 November 2016
