Carney: BoE taking steps to avoid 'mortgage recklessness'
The Bank of England Governor Mark Carney has said that the Bank will continue to take steps to ensure mortgage lending does not become 'reckless'.
Giving evidence to the Treasury Select Committee, Mr Carney said in some cases, high ratio mortgages could be appropriate.
He also said that measures introduced in June, such as a 15% cap on lending, would keep the market under control.
15 Jul 2014
- From the section Business