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25 Sep 2015

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Affordable and Social Housing

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“Bank of England concerns over buy-to-let boom”

“The growing buy-to-let property market in the UK could post a threat to wider financial stability, a Bank of England committee has said.

Buy-to-let mortgage lending had the potential to “amplify” a housing boom and bust, the Bank’s Financial Stability Committee (FPC) concluded.

Lending in this sector has risen by 40% since 2008, the FPC said.”

http://www.bbc.co.uk/news/business-34356801

Wonder how many of Cranbrook’s houses are/will be buy-to-let?

One thought on ““Bank of England concerns over buy-to-let boom””

  1. In the Select Committee Inquiry last year, (Communities and Local Government Committee) this issue was raised as well as 2nd home ownership; but along with many other valuable points that were discussed at the time the Government in its wisdom decided to ignore the results of this inquiry, wasting a lot of money and the precious time of many people. So not surprised that at last they recognise that ‘Buy to lets’ are a problem.

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