Bank of England governor Mark Carney has said the Bank of England is keeping a close eye on the buy-to-let market as the economy enters a period of uncertainty post-Brexit.
Bank of England governor Mark Carney has said the Bank of England is keeping a close eye on the buy-to-let market as the economy enters a period of uncertainty post-Brexit.
TheBank said it could see signs the UK economy was on the verge of a dramatic slowdown in the aftermath of the vote.
When asked if hewasworried about a crash in the buy-to-let market he said the Bank is watching the buy-to-let sector carefully.
But he said the Bank included a housing crash in its latest Stress Tests -- and the current environment is not a serious as modelled in those tests.
"The core of the UK financial system is very strong, and it will be there for home-buyers and businesses," he added.
