BoE’s FPC in line for powers over buy-to-let market
Proposals would give FPC powers of direction over caps on buy-to-let mortgages
The UK government has laid out plans to give the Bank of England (BoE) new powers to tackle risks in the buy-to-let mortgage market.
The consultation document, published on December 17, is a step towards fulfilling a request the BoE made for new mortgage-related powers in October 2014.
Although the government legislated to give the central bank's financial policy committee (FPC) powers of direction over owner-occupier mortgages in April this year, it is yet to finalise legislation for buy-to-let
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