Financial Times - Further lending curbs unlikely
Mortgage providers are unlikely to follow the lead of state-backed lenders by imposing fresh restrictions on borrowing in response to soaring property prices in London and the southeast, brokers said.
Aaron Strutt of Trinity Financial told FT Weekend that other lenders would see it as an opportunity to gain market share by offering mortgages to wealthier borrowers. “The lenders we’re speaking to are planning to offer more mortgages. Capping in London isn’t really on the cards.”
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