BoE under pressure to adopt mortgage powers

clock

The Bank of England (BoE) is likely to be urged today to take on a full range of powers under its new regulatory remit, including a controversial right to restrict mortgage lending during a housing boom.

An inquiry by the Treasury Select Committee (TSC) will assess what tools should be given to the BoE to maintain economic stability. Included is a power to limit loan-to-value and loan-to-income restrictions to keep property bubbles in check. It could potentially mean the BoE prevents first-time buyers from getting on the property ladder, although the International Monetary Fund (IMF) has supported calls for the power to be given to the Bank. Under plans laid out by the government, prudential supervision for banks, insurers and major investment firms will be transferred to a subsidi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read
UK inflation data for February 'little more than a relic' as it holds at 3%

UK inflation data for February 'little more than a relic' as it holds at 3%

Uncertainty over central bank rates

Michael Nelson
clock 25 March 2026 • 3 min read