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Real Estate Briefing - Categorized | Finance, Mortgage more

Bank Of England to control UK real estate boom

Posted on 16 January 2013

In the wake of a struggling real estate market and a recession hit economy, financial institutions and banks of U.K. have been trying to come up with generous schemes and lending formats that could risk a sudden upsurge in the housing market of the country. To control the boom, British Parliament has given regulating powers to the Financial Policy Committee (FPC) of The Bank of England.
In a recent “Credit Conditions Survey” conducted by the bank, it was found that new lending methods helped increase the influx of money into real estate markets and the trend would continue in the coming year, reports the BBC………………………………………..Full Article: Source


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