Mortgage threat as Bank ends £115bn loan scheme: Householders to face higher costs – even without official rate rise – This is Money

The Bank of England has pumped money in to a flagging home market. They support lending services to first time home buyers in the country. But there are signs that the Bank of England will be pulling back on the service. That comes amidst big time losses for the legendary banking institution. Around GBP 78 billion has already been lent to people hoping to buy houses. Billions more may be lost unless the program is cut back.

Read more: Mortgage threat as Bank ends £115bn loan scheme: Householders to face higher costs – even without official rate rise – This is Money

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