{"id":123790,"date":"2021-12-14T04:14:48","date_gmt":"2021-12-13T21:14:48","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages\/"},"modified":"2021-12-14T05:03:38","modified_gmt":"2021-12-13T22:03:38","slug":"bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages\/","title":{"rendered":"Bank of England plans to remove interest rate rule for mortgages"},"content":{"rendered":"


\nBank wants to scrap rule that borrowers must be able to afford rate rise of three percentage pointsThe Bank of England has announced plans to ease mortgage lending rules in a move that could help thousands of first-time buyers get on to the property ladder.The central bank said it wanted to remove a requirement that forces borrowers to be able to afford a three-percentage-point rise in interest rates before they can be approved for a home loan. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Bank of England plans to remove interest rate rule for mortgages<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bank wants to scrap rule that borrowers must be able to afford rate rise of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123790","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wcC","jetpack-related-posts":[{"id":133016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-interest-rate-rise-what-it-means-for-borrowers-and-savers\/","url_meta":{"origin":123790,"position":0},"title":"Bank of England interest rate rise \u2013 what it means for borrowers and savers","date":"December 15, 2022","format":false,"excerpt":"\r Rate rise to 3.5% affects everything from mortgages to credit cards, loans and savings. Here is all you need to knowAnalysis: UK borrowers face a serious reality checkNews story: interest rates rise to 3.5%The Bank of England has once again raised interest rates \u2013 this time by 0.5 percentage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128419,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rates-are-rising-so-why-are-mortgage-rules-being-scrapped\/","url_meta":{"origin":123790,"position":1},"title":"Interest rates are rising \u2013 so why are mortgage rules being scrapped?","date":"August 1, 2022","format":false,"excerpt":"\r Analysis: Bank ruling that borrowers don\u2019t have to show they can afford steep repayment hikes raises questions over how to curb excessive borrowingFrom today, there is one less barrier to obtaining a mortgage. The path to high value property loans has opened to a much wider audience after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowers-warned-the-days-of-cheap-mortgages-are-over\/","url_meta":{"origin":123790,"position":2},"title":"UK borrowers warned: the days of cheap mortgages are over","date":"October 29, 2021","format":false,"excerpt":"\r As interest rate changes are coming \u2018thick and fast\u2019, owners may face big rises in their repaymentsBudget 2021: key points at a glanceBudget calculator: what does it mean for me?Read all our budget coverageThe era of record low mortgage rates looks to be over, borrowers were warned this week,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114850,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-interest-rate-cut-mean-for-mortgages-and-savers\/","url_meta":{"origin":123790,"position":3},"title":"What does interest rate cut mean for mortgages and savers?","date":"March 11, 2020","format":false,"excerpt":"\r There will be gain for some consumers but pain for others after the Bank of England\u2019s decisionThe emergency 0.5% rate cut by the Bank of England in the midst of the coronavirus outbreak will mean monthly savings for householders with tracker mortgages but more pain for savers as interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-5m-uk-homeowners-on-variable-rate-mortgages-face-new-borrowing-rise\/","url_meta":{"origin":123790,"position":4},"title":"1.5m UK homeowners on variable rate mortgages face new borrowing rise","date":"May 11, 2023","format":false,"excerpt":"\r Bank of England expected to push interest rates up to 4.5% to tackle high inflation rateAlmost 1.5 million homeowners with variable rate mortgages face higher borrowing costs with the Bank of England expected to push up interest rates on Thursday to 4.5%.A poll of City analysts found there was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fixed-rate-mortgages-at-new-low-even-for-borrowers-with-a-small-deposit\/","url_meta":{"origin":123790,"position":5},"title":"Fixed-rate mortgages at new low, even for borrowers with a small deposit","date":"February 6, 2015","format":false,"excerpt":"\r First Direct and Barclays slug it out as Bank of England holds base rate at 0.5%Interest rates on fixed-rate mortgages have fallen to new lows, with First Direct and Barclays engaged in a price war that is pushing the cost down even for those with relatively small deposits.The cuts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123790"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123790"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123790\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}