Government credit controls may impact mortgage market

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Government credit controls may impact mortgage market

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08-31-2010, 09:33 PM

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Government credit controls may impact mortgage market

The recovery of the UK housing market could be under threat with reports that the Bank of England may restrict mortgage lending. The Bank’s deputy governor, Charlie Bean, has apparently indicated that new measures aimed at stabilising the economy could set deposit levels for UK mortgage borrowers at between 10% and 25%. The deputy governor [...]

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