Mortgage blog: Should mortgages be capped at three times your income?
Wednesday 18 June 2014
Tagged: Bank of England
, Vince Cable
A leading politician believes that mortgage lenders are "throwing petrol on [the] fire" of the housing boom by offering mortgages at four or five times a borrowers' salary. Vince Cable, the business secretary, says that lenders should cap mortgages at three times income in order to avoid another...
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