article_snippet.sent: Britain's obsession with home ownership could be hindering the nation’s economic recovery, a leading global watchdog has said.
article_snippet.sent: – raising fears that families are over-stretching families to get on the property ladder or buy a bigger home.
article_snippet.sent: The Bank of England has clamped down on the sort of risky mortgage lending that was rife in the build-up to the eurozone crisis, in an effort to prevent another housing boom and bust.
article_snippet.sent: Containing financial stability risks from housing and mortgage markets remains important.
article_snippet.sent: Experts said it could be putting families off moving house at a time when demand for properties has already fallen away.
article_snippet.sent: Paula Higgins, of consumer group the HomeOwners’ Alliance, said: ‘This is more bad news for struggling families.