Bank of England: Says its financial policy committee is to make annual assessments of ‘help to buy’

Bank of England: Says its financial policy committee is to make annual assessments of Britain’s ‘help to buy’ housing program

Headline crossing the newswires now.

Housing prices have been performing better in the UK – the ‘help to buy’ housing program (due to begin in January 2014) will be a contributor to the performance. Little impact on GBP from the announcement.

Also:

• Committee to advise whether price caps, fees charged to lenders under ‘help to buy’ are appropriate