Mark Carney
Media playback is unsupported on your device

BoE reduces mortgage lending support scheme

The Bank of England has announced significant changes to the Funding for Lending Scheme because of the surging housing market.

The Bank's governor, Mark Carney, said the scheme would no longer be aimed at householders but would be focusing instead on business lending from January 2014.

Go to next video: Carney 'offended' by Labour MP