The Bank of England has said that it is keeping an eye on buy-to-let mortgages but that ﻿it is not necessary to make alterations to regulations at the present time﻿. A spokesman for the bank said: “While we do have a number of concerns about some aspects of this market, there are no plans currently in place to change our approach or take any action against these The Bank of England has previously requested that it be granted additional powers to intervene in the sector, which the finance ministry is still considering.
The Bank of England has said that it is keeping an eye on buy-to-let mortgages but that ﻿it is not necessary to make alterations to regulations at the present time﻿. "However, the FPC is alert to the rapid growth of the market and potential developments in underwriting standards" it said. The Bank of England has previously requested that it be granted additional powers to intervene in the sector, which the finance ministry is still considering.