Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers on to housing ladder

Business live – latest updates

The Bank of England has rolled out looser mortgage rules that policymakers hope will help 36,000 more first-time buyers on to the housing ladder each year.

New guidelines announced by the UK’s central bank mean that individual banks and building societies can offer more high loan-to-income (LTI) mortgages, which are equal to, or worth more than, 4.5 times a borrower’s annual earnings.

Continue reading…Bank of England, First-time buyers, Housing market, Trade policy, Tariffs, Business, Andrew Bailey, Inflation, Economics, Politics, US news, Trump administration, US politics, World news, UK news, Property, House prices, Mortgage lending figures, Mortgages, Money, Real estate, Banking, Banks and building societies, Financial sector, Prudential Regulation Authority (PRA), Pensions industryRead More

You might also be interested in reading Crypto Traders Grow Bearish as Aptos Plans $103M APT Token Unlock in November.