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Bank of England caps high-risk mortgages

Governor Mark Carney said the Bank must ensure the wider economic recovery is not derailed by a housing boom. Picture: PA

Governor Mark Carney said the Bank must ensure the wider economic recovery is not derailed by a housing boom. Picture: PA

  • by MARTIN FLANAGAN
 

The Bank of England yesterday moved to prick a new house price bubble by slapping a cap on mortgages and demanding rigorous checks on whether borrowers can repay home loans in tougher economic conditions.

 

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