a person walks past the bank of england in the city of london financial district in london britain january 23 2022 reutershenry nicholls london june 20 reuters  the bank of england said on monday that its financial policy committee would withdraw its mortgage affordability test recommendation following a review of the mortgage market the withdrawal will come into effect from august the boe said the central bank introduced the test in 2014 to ensure that borrowers do not become a threat to financial stability by taking on debt they could not afford to repay the boe said its loantoincome flow limit would not be withdrawn and alongside other affordability assessments would help to protect the financial system in a simpler more predictable and more proportionate way reporting by kylie maclellan writing by muvija m editing by william schomberg