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KEYWORD "Affordability Rule" - 7 RESULTS
Insight - Bank of England drops mortgage affordability tests

A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...

23 June 2022

From: Breaking News

Ignorant first-time buyers risk rejection

First-time buyers applying for their first mortgage lack knowledge about the application process and risk being rejected as a result. Almost half...

21 March 2016

From: Breaking News

Lenders reject one in seven remortgages

Lenders rejected one in seven homeowners who tried to remortgage in the past two years. One in four of those who could...

09 December 2015

From: Breaking News

Housing market slows despite low mortgage rates

Latest figures show UK house prices slowed in the year to August with annual growth of 5.2%. That is unchanged from July,...

14 October 2015

From: Breaking News

Interest-only ticking timebomb is being defused

Brokers have welcomed new figures showing a sharp decline in the number of interest-only loans over the past year. Over the past...

23 September 2015

From: Breaking News

Mortgage affordability rules leave buyers baffled

Two thirds of potential homebuyers have been left in the dark by new mortgage affordability rules, research reveals. Some 35% of potential...

10 September 2015

From: Breaking News

Affordability improves sharply over the last year

The salary of the average homebuyer fell 16% year-on-year in June to £34,584, as improved mortgage affordability boosted lower income borrowers. The...

24 July 2015

From: Breaking News

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