Bank Of England: Housing Tools Revisited - Speech By Sir Jon Cunliffe, Deputy Governor Financial Stability, Member Of The Monetary Policy Committee, Given At Banco De Portugal Conference On “Financial Stability And Macroprudential Policy”, Lisbon

Jon Cunliffe assesses the Financial Policy Committee (FPC)’s policy on the housing and mortgage market. In particular, he looks at two tools - the loan to income flow limit and the affordability test for borrowers - which the committee introduced five years ago. And he examines the impact of the policy on household debt in the UK.

Housing tools revisited