His offer seems to be very competitive and could crush competition.
Now the British banks are reluctant to lend and have brought down the housing market, but BoC could change the situation by extending the credit squeeze.

Even analysts are hoping the arrival of other institutions, so as to encourage greater competition.
For now the eastern country has a policy very focused and grant loans only to people with special requirements (especially those requesting loans for homes for rent), but soon could hit every sector.
After the attempted assault on the economy, we should expect that to finance?