In the last two years, we carried out an indepth review of the framework for, and strategy around, the mortgage measures.9 We see the measures as a permanent feature of the mortgage market, so it is important that we periodically take stock of our overall approach.
A lot has changed since the measures were introduced and this review allowed us to assess whether they remain fit for purpose and designed in a way that prepares them for the future. Our overall conclusion was that the measures have been operating broadly as intended since their introduction.