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Bailey Sees Macroprudential Measures Limiting Impact of Roll-Off of Fixed Rate Mortgages

BOE

Q: Are you worried about people rolling off fixed mortgages?

  • A: We are very, very aware of the effect inflation is having on households. It's important we take those effects into account. Have had policies in place to limit proportion of mortgages at the more extreme loan-to-income. That limits impact of this and we have seen many fewer houses repossessed.

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