UK fin min in comments out just now to parliament
- we are in the process of granting the BOE further powers over buy-to-let mortgages
- consultation is about how the BOE should have the powers it has asked for
The BOE received authority last year to tighten up UK mortgage applications in a bid to stem house price rises thus reducing need to raise interest rates
Well, that's the theory anyhow
These latest measures were not commonly known to have been requested
" The governor if the BOE and the FPC have asked for additional powers over buy-to-let mortgages which weren't included, and we have granted those powers"
Asked whether this was a new announcement, Osborne said:
"I'd better wait until we actually make the announcement, but (this will be ) as soon as possible"
You couldn't make it up
Hi I'm George, and I can't keep secrets
