Bank of England warns lenders over risky mortgages  BANK
governor Mark Carney says if left unchecked, high-risk loans
could undermine recovery.  Lenders are being warned against
risky mortgages  The Bank of England has warned lenders over
supplying risky, high value loan-to-income mortgages.  The
Bank's Financial Policy Committee (FPC) has said loans of 4.5
times a borrower's income or higher should account for no more
than 15% of new mortgages issued by lenders.  It said also
lenders should apply a new "interest rate stress test" ensuring
that borrowers can keep up their mortgage repayments in the
event of a rise of up to 3% in interest rates.  The Bank said in
its latest six monthly financial stability report: "The recovery
in the UK market has been associated with a marked rise in the
share of mortgages extended at high loan to income multiples.
The report said the FPC does not believe household indebtedness
posed "an imminent threat" but said that it wanted to ensure
against risk of a further significa