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LONDON, Nov 29 (Reuters) - Bank of England Governor MarkCarney has warned would-be British homeowners to consider therisks of higher interest rates, amid concerns that rising houseprices could create a property market bubble, a newspaperreported on Friday.
"Think about the mortgage you are taking on, the debts youare taking on," Carney was quoted as telling The Guardian.
"Are you going to be able to service that mortgage fiveyears from now, 10 years from now, if interest rates arehigher?"
On Thursday, the BoE unexpectedly said it would put thebrakes on a scheme launched last year to help boost mortgagelending and would refocus it instead squarely on lending tobusinesses.
Earlier on Friday, data showed British house prices inNovember rose at their fastest pace in three years and mortgageapprovals hit a nearly six-year high last month.
