I think the Bank of England should have powers to limit mortgage lending and try and mitigate booms and therefore busts in the Housing markets. Leaving such things to politicians who worry about elections and want the good times to keep rolling in the housing market is as unwise as leaving inflation control to politicians. I was surprised to read the following article that the Bank of England should want to decline such powers. http://www.moneymarketing.co.uk/politics/mps-question-why-bofe-does-not-want-mortgage-powers/1052219.articlernrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
