Bank of England warns against buy-to let market

Wednesday 30th September 2015 06:13 EDT
 

The Financial Policy Committee, led by Bank of England Governor Mark Carney, has warned that the buy-to-let market poses an increasing threat to financial stability of the country because rising property prices expose vulnerabilities that could magnify a housing market crash. The committee said landlords were more sensitive to booms and busts, buying rapidly when prices rise but also selling properties quickly during a downturn.

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