The Chancellor of the Exchequer, George Osborne, has told a parliament committee that the Bank of England is likely to regulate buy-to-let mortgages.

He told the committee yesterday (21 October) that “…the governor of the Bank and the FPC (Financial Policy Committee) have asked for additional powers over buy-to-let mortgages which weren’t included, and we have granted those powers.

He added: “I’d better wait until we actually make the announcement, but (this will be) as soon as possible.”