We apply a more stringent limit to the purchase of houses for investment purposes and here the limit is 70% LTV, with up to 10% of new lending on this basis allowed above the limit. *** At the time of introduction of the measures, we committed to regular reviews of their impact and effectiveness.
This we believe represents good practice, and mitigates against any potential inaction bias. It is also consistent with the commitment for quarterly reviews of counter-cyclical capital buffer (CCyB) settings and annual reviews of the identification of, and buffer setting for, other systemically important institutions (O-SIIs) as prescribed in CRR/CRD IV.