Income multiples at pre-crisis levels in the capital and rising, warns EY Item Club The Bank of England must be “prepared to take action” on housing market controls amid fears that London is beginning to show “bubble-like conditions”, according to new research. The average house price in the capital will […]
Tag: Housing Market
Consumer watchdog tightens mortgage lending rules on banks
More than five years after the housing market collapsed, the U.S. government’s newly created consumer watchdog said Thursday it will force banks to verify a borrower’s ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession. The Consumer Financial Protection […]
