Wall Street

Failing Bank Of England’s Axing Of Mortgage Affordability ‘Utter Madness’: deVere CEO

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The Bank of England’s plans to scrap mortgage affordability rules have been branded as “utter madness” by the CEO of one of the world’s largest financial advisory organizations, who says the move underscores how the central bank is “failing Britain.” The damning analysis from deVere Group’s Nigel Green comes as the BoE announced lenders will no longer have to verify whether homeowners could afford mortgage payments at higher interest rates. Q1 2022 hedge fund letters, conferences and more The Bank of England’s Move Is BizarreHe comments: “This move by the Bank of England is bizarre, to say the…

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