Related topic: Affordability

Rates on the majority of Atom Bank’s prime and near prime ranges have been cut by 0.10%.

The changes will enable borrowers to increase their maximum loan amount by up to £31,000.

Matt Meecham, director at Check, says income, expenditure and other financial activity can be just as important as knowing what appears on a credit report.

The calculator has been designed to consider a broad range of lending scenarios and incorporates live product data.

The range offers brokers and their clients enhanced affordability on longer-term fixed rate mortgages.

The lender has updated its affordability model to take into account the higher EPC ratings of new build homes.

Concerns about getting a mortgage fall as a barrier to buying a home.

Santander says the change will help buyers borrow up to £30,000 more on Octopus Zero Bills homes.

The data shows significant regional variation in how much of gross household income borrowers commit to mortgage repayments.

Principality has relaxed first-time buyer eligibility at 5.5x loan to income.