- Rising indebtedness is the biggest risk from the housing market
- Recent FPC decision on high LTI’s is very welcome
- BOE’s housing measures very wise in aim to pre-empt a potential worrying bubble from emerging
- LTV ratios would also be important to watch but it’s not the BOE’s role to manage asset or housing prices
- It the BOE’s job to focus on the risks to financial stability and the aspects that may cause them
- Underwriting standards needs to be closely monitored