Belfast Telegraph

Keep tough stance on lending call to banks

Banks should keep their tough mortgage lending criteria in place to help prevent another house price bubble building up in the future, a thinktank has said.

Mortgages should be capped at 90% of a property's value, while people should also be prevented from borrowing more than 3.5 times their income, according to the Institute for Public Policy Research. It said the UK had had four housing bubbles in the past 40 years.

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From Belfast Telegraph