The Bank of England could move to cool rapid growth in the UK buy-to-let mortgage market, a top policymaker at the central bank said last Wednesday. "Buy-to-let has grown faster than any other part of the housing market," Jon Cunliffe, a BoE deputy governor, told BBC radio in an interview. "When you find one sector of the property market growing fast... then I think you have to ask questions about are there risks here." The BoE took no action at its most recent Financial Policy Committee meeting, the results of which were announced this week. But the central bank has previously said it is monitoring the market closely.
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