The government's Help To Buy scheme, designed to boost the housing market, creates "medium and long-term risks to the taxpayer", MPs have warned.
Chancellor George Osborne plans to allow the Bank of England to implement measures to control accelerating house in the UK, as the property market shows signs of overheating.
Britain's two state-backed banks have retreated from lending to the London property market since the financial crisis, in a sign of caution amid fears of an inflating housing bubble.
The Bank of England may find monetary policy such as raising interest rates "the only game in town" to combat financial stability risks such as the housing market, the deputy governor has warned.
Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.
The government may "pare back" its Help to Buy scheme if the Bank of England (BoE) believes it threatens the UK's economic recovery, Nick Clegg has said.
All the key product launches, charging tweaks, people moves and events for advisers...
Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.
A weekly heads-up on the key product launches, charging tweaks, people moves and events for advisers...