The reduction allows applicants to borrow on average £28,000 more.
The reduction allows applicants to borrow on average £28,000 more.
Hodge has reduced its affordability stress rate to support more customers onto the property ladder.
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.
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