Bank of England to cap Mortgages

Capping mortgages isn't going to help the housing market pick up.
The Governments idea is to make a cap of 75% of the value of the purchase of the house.
So that means saving 25% deposit or borrowing from someone else.
Many months ago I suggested a different way to tackle this problem and also the credit crisis.
My solution is to make all loans, credit cards etc registered with the Bank of England.
Employees salaries would be registered as well from the Employer.
The rule is that not more than 50% of the salary per month can go on debt repayments.
This will prove a control point for debt but also would not reduce value of houses.
The Bank of England capping mortgages will make matters worse and reduce prices of property and therefore, more negative equity and more chance of defaults on mortgage payments.