Mortgage lenders encouraged by regulator to loosen affordability tests so would-be homebuyers can borrow more
UK mortgages: warning over big fees as homebuying season arrivesDuring the coming weeks and months, many more people may be able to buy a property they would previously assumed was out of their price range.
One of Britain’s biggest mortgage lenders, Santander, has loosened its affordability rules to enable customers to borrow more, with other banks and building societies almost certain to follow suit.
Continue reading…Mortgages, Mortgage rates, Money, Property, Banks and building societies, UK news, Housing market, Business, Financial Conduct Authority, First-time buyers, House pricesRead More
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