Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be ‘unduly restricting’

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One of the UK’s largest mortgage lenders has relaxed its rules and will offer some borrowers up to £35,000 more to fund their home purchases.

Santander said it had adjusted the way it calculated affordability, meaning many customers applying for a mortgage would be able to borrow between £10,000 and £35,000 more from Friday.

Continue reading…Mortgages, Banco Santander, Banking, Business, Money, Housing, Property, UK newsRead More

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