Buy to let market on the increse

The rapidly growing Buy to Let market is increasing risks to the housing market, according to the Bank of England.

According to 24 housing:

“Concern has led to the bank seeking power from the government to intervene in the market, members of the Lords economic affairs committee were told on Tuesday by a top official.

Sir Jon Cunliffe, deputy governor for financial stability, said the number of mortgages being agreed at 4.5 times salary is now increasing and although household debt to income ratio is in line with economic growth, there were concerns.”