BoE moves to tighten buy-to-let standards as risks rise
Some firms may be relying on weaker underwriting standards
The Bank of England (BoE) plans to tighten underwriting standards in the UK's buy-to-let market, as it warns of rising financial stability risks.
In a consultation document published today (March 29), the BoE said a survey of 31 buy-to-let lenders, representing 91% of the market, had raised questions over lenders' growth ambitions and how they planned to meet them.
"There is a risk that firms relax underwriting standards, thus affecting their safety and soundness," said the BoE's Prudential
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