3 Hrs
Source:
الاقتصادية
Source: الاقتصادية
3 Hrsالاقتصادية
Source: الاقتصادية
3 HrsReady to play
Ready to play
The Bank of England is considering raising the threshold for classifying mortgages as high loan-to-income from 4.5 to five times household income. This could expand banks’ lending capacity and give more buyers—particularly first-time buyers—the opportunity to borrow more. The increase could amount to around 7% of total new residential mortgage lending each year. Current rules cap loans of 4.5 times income or more at 15% of all new lending across the market.
Notice: This Is an AI-Generated Summary
Comments (0)