{"id":125786,"date":"2022-04-11T12:00:02","date_gmt":"2022-04-11T05:00:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests\/"},"modified":"2022-04-11T12:23:26","modified_gmt":"2022-04-11T05:23:26","slug":"homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests\/","title":{"rendered":"Homebuyers could struggle with mortgages as UK banks tighten affordability tests"},"content":{"rendered":"


\nBrokers warn soaring bills, tax rises and big hike in cost of household basics have forced lenders to recalculate modelsHomebuyers wanting to take out a mortgage could soon struggle to get the size of loan they need, as banks begin taking into account the cost of living crisis when calculating how much they can lend.Mortgage brokers have said soaring energy bills, the national insurance rise and a big increase in the cost of household goods are set to prompt banks to tighten their mortgage affordability tests, making it harder for consumers to borrow as much as previously. Continue reading…
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\nSource : theguardian.com
\nRead more…Homebuyers could struggle with mortgages as UK banks tighten affordability tests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brokers warn soaring bills, tax rises and big hike in cost of household basics have...<\/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-125786","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-wIO","jetpack-related-posts":[{"id":150586,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-looser-affordability-rules-may-widen-home-ownership-in-the-uk\/","url_meta":{"origin":125786,"position":0},"title":"How looser affordability rules may widen home ownership in the UK","date":"April 5, 2025","format":false,"excerpt":"\r Mortgage lenders encouraged by regulator to loosen affordability tests so would-be homebuyers can borrow moreUK mortgages: warning over big fees as homebuying season arrivesDuring the coming weeks and months, many more people may be able to buy a property they would previously assumed was out of their price range.One\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-turn-to-finance-companies-as-banks-tighten-mortgage-lending\/","url_meta":{"origin":125786,"position":1},"title":"Hong Kong homebuyers turn to finance companies as banks tighten mortgage lending","date":"May 9, 2017","format":false,"excerpt":"\r Buyers of new flats seeking to minimise their down payments are increasingly choosing home loans from finance companies, which are beyond the reach of the banking regulator, according to a survey. Centaline Property Agency found that nearly 18 per cent, or HK$2.6 billion, of the estimated HK$14.7 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-been-tough-uk-mortgage-brokers-chase-deals-as-interest-rates-soar\/","url_meta":{"origin":125786,"position":2},"title":"\u2018It\u2019s been tough\u2019: UK mortgage brokers chase deals as interest rates soar","date":"July 25, 2022","format":false,"excerpt":"\r Advisers and banks struggle with demand as buyers chase dwindling number of low-rate mortgagesChris Sykes admits he has spent one too many late nights glued to the screens in his lounge-turned-home office in east London.Efforts to secure favourable mortgages have resulted in considerable overtime for mortgage brokers like Sykes,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/let-homebuyers-borrow-more-on-energy-efficient-properties-urges-report\/","url_meta":{"origin":125786,"position":3},"title":"Let homebuyers borrow more on energy efficient properties, urges report","date":"July 18, 2017","format":false,"excerpt":"\r Making energy ratings a factor in mortgage offers could let people borrow \u00a34,000 to \u00a311,500 more, says Lenders groupHomebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found.Although estate agents are legally\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australian-home-prices-could-fall-further-as-banks-tighten-loan-rules\/","url_meta":{"origin":125786,"position":4},"title":"Australian home prices could fall further as banks tighten loan rules","date":"April 16, 2018","format":false,"excerpt":"\r A toughening of lax lending standards in Australia is threatening an already cooling property market. An inquiry into misconduct in the financial industry is likely to lead to greater regulation of the nation\u2019s A$1.6 trillion (US$1.2 trillion) mortgage market. Banks have routinely relied on an unrealistically low estimate of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-paying-closer-attention-to-home-loan-affordability\/","url_meta":{"origin":125786,"position":5},"title":"Banks paying closer attention to home loan affordability","date":"January 13, 2019","format":false,"excerpt":"\r Mortgage brokers say banks are taking a closer look at whether borrowers can afford to meet home loan repayments, with one bank now asking for a written declaration that the lending is responsible.Lenders have had to adhere to a...\r \r Source : nzherald.co.nz\/Property\r Read more...Banks paying closer attention to\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\/125786"}],"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=125786"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}