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Bank of England’s governor has warned that government -backed proposals to reduce the borders to lend to the most dangerous mortgage could lead to more home resale and failing to help buyers for the first time, until he announced plans to review policy.

Andrew Billy MPS told on Wednesday that he was “very happy that there is a very open public debate” about the restrictions imposed on lending to mortgage in the United Kingdom, but he said that this should take into account the “best results” provided by the rules to avoid increasing the house loan of the assumptions during The last shocks.

“They have helped avoid creating a large tail of mortgages, which, when we have an inevitable periodic contraction or the shocks that hit the economy, turn into a real problem of the type we have seen in the past, he said. “So I think that was useful.”

Its comments indicate that the Bank of England is frequently relaxed restrictions on lending to the mortgage of British banks after doing this in November. England Bank’s sister organizer, financial behavior authority Proposal Go ahead earlier this month.

UK advisor Rachel Reeves supported FCA proposal, Saying Last week, Financial Times was “completely open to looking at ideas that could enhance home ownership and help families working on housing ladder.”

Reeves and Prime Minister Sir Kerr Starmer urged all the UK organizers, including the Bank of England and FCA, to make more effort to support its goal of reviving the stagnant economy in the country by alleviating the burden of business bases.

Billy told the Mukhtar Al -Khazana Committee that he supported Starmer’s promotion to enhance growth, but he said, “There is no comparison” between this and the primary goal of England Bank of maintaining financial stability.

The mortgage lending in the United Kingdom is controlled by a mixture of rules from the Central Bank Finance Policy Committee and FCA, most of which were presented after the 2008 financial crisis when many banks were rescued by the state.

FPC limits banks above a specific size to lend no more than 15 percent of real estate loans more than 4.5 times the family income. The lending threshold has changed this limit in November, so it applies to fewer banks.

FCA requires banks to take the ability to afford the costs of the applicants for mortgages to ensure that they can still have monthly payment costs if interest rates rise in the future. BOE got rid of a test similar to the ability to bear costs in 2022 because it interfered with FCA rules.

FCA said a message to Starmer this month-in response to an invitation from the government asking for access to lending and the levels of backwardness. ”

Pelly said that the possible benefits to alleviate these limits should be balanced with gains from keeping them. He also warned that he may not do much to help buyers for the first time whose main obstacle is to buy a house often difficult to provide the necessary deposit.

“In all investigative studies that are conducted, when you ask what is the main obstacle to entering the mortgage market, it provides deposit.”

Nathaniel Benjamin, Executive Director of the Bank of England, told the financial stability and risk strategy, MPS that there is still “a lot of the main space” before banks reached the maximum of the mortgage lender “so that this is not a barrier,” adding that the ratio of the corridors for the first time was Buyers in the new mortgage lending at its highest level for 20 years.

He also warned that mitigating the borders without increasing the supply of new homes was likely to raise the prices of homes, which “would make things more difficult for families to reach the housing ladder.”