The changes to Accord's stress rates will allow it to offer bigger mortgages to more borrowers.

The changes to Accord's stress rates will allow it to offer bigger mortgages to more borrowers.
This current affordability ratio is the best it’s been in the last 10 years.
Fewer than one in five people think now is a good time to buy a home.
The changes will benefit both purchase and remortgage applications across the product range.
A typical household could potentially borrow £38,000 more.
Sebastian Murphy, group director at JLM Mortgage Services, explores how competitive pricing, a real shift in affordability, and government-backed measures are creating opportunities...
The decision will enable customers to borrow up to £35,000 more.
The Society has improved affordability across its mortgage ranges.
The Office for National Statistics (ONS) has released its latest housing data showing a return to pre-pandemic levels of affordability in England and Wales for the year 2024.
Mortgage repayments now account for 37% of the average borrower's salary.
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