Friday, 27 June 2014

UK: PRA consults on implementing the FPC recommendation on loan to income ratios in mortgage lending

The Prudential Regulation Authority published a consultation paper yesterday setting out how it proposes to respond to the recommendation made by the Financial Policy Committee that mortgage lenders limit the number of mortgage loans made at or greater than 4.5 times LTI to no more than 15% of their overall number of mortgage loans: see here (pdf).

No comments: