Tough mortgage criteria must remain says thinktank - Property, House & Home - The Independent
Banks should keep their tough mortgage lending criteria in place to help prevent another house price bubble building up in the future, a thinktank said today.
Mortgages should be capped at 90% of a property's value, while people should also be prevented from borrowing more than 3.5 times their income, according to the Institute for Public Policy Research (IPPR).
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