Bank of England won't hesitate to act on housing risks: deputy chief

London

BANK of England (BOE) deputy governor Jon Cunliffe said the central bank's Financial Policy Committee (FPC) won't hold back from quashing risks that appear in the housing market.

In a speech in London late on Tuesday, the deputy governor for financial stability highlighted three property "hotspots" that warrant attention: buy-to-let, lending at high loan-to-income ratios to owner occupiers and commercial real estate. He also singled out consumer lending as a separate threat.