{
  "url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2015/article-3",
  "json_url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2015/article-3.json",
  "legislation": "ukdsi/2015/9780111129364",
  "legislation_title": "The Bank of England Act 1998 (Macro-prudential Measures) Order 2015",
  "legislation_url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2015",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Macro-prudential measures",
  "text": "The measures listed in the first column of the table (and any measures falling within a listed measure) are prescribed in relation to the regulator specified in the second column of the table.\nMacro-prudential measure\nRegulator\nA measure to require regulated persons who enter into relevant mortgage contracts to ensure that no more than a specified proportion of relevant mortgage contracts entered into after the date of a direction made with reference to this order have a loan-to-value percentage greater than the maximum loan-to-value percentage specified in the direction.\nPRA or FCA\nA measure to require regulated persons who enter into relevant mortgage contracts to ensure that no more than a specified proportion of relevant mortgage contracts entered into after the date of a direction made with reference to this order have a debt-to-income ratio greater than the maximum debt-to-income ratio specified in the direction.\nPRA or FCA",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111129364/article/3",
    "retrieved_at": "2026-10-30T15:10:02.540024+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}