"The Bank of England is planning to add fuel to the mortgage fire as it discusses lifting restrictions on banks' house loan rules.

The property market has been a mainstay of the UK economy for decades and was given a boost during the pandemic as Chancellor Rishi Sunak provided a stamp duty holiday to ensure that activity remained high during the various lockdowns.

That benefit has now been removed, so the Bank of England is looking at ways to increase activity in an attempt to support activity.

The Bank is expected to increase the volume of higher value loans that banks are able to provide.

It is simply being labelled as the Bank keeping up with the market, but underlying that reasoning is a plan to ensure that the property market remains at the forefront of the country’s economic activity.

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