Bank of England buy-to-let concerns and financial planning for the worst, here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
Bank of England raises concerns about buy-to-let market Clients who are buy-to-let landlords - or retirees thinking of entering the market using pension freedoms to reinvest their nest egg - may give you a worried call, after the Bank of England said it the growing buy-to-let property market in the UK could post a threat to wider financial stability. Buy-to-let mortgage lending had the potential to "amplify" a housing boom and bust, the Bank's Financial Stability Committee (FPC) concluded, noting that lending in this sector has risen by 40% since 2008, the FPC said, according to t...
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