2: BoE to scrap Funding for Lending for mortgages from January

The Funding for Lending Scheme was the Bank of England’s bazooka-like attempt to force banks and building societies to lend by offering cheap funds in return for an increase in net lending. While the decision to pull the scheme for mortgage lending came as a shock, the positive to take away from the move is that the Bank clearly believes the mortgage market’s recovery is well underway.

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