{"id":127357,"date":"2022-06-25T11:01:04","date_gmt":"2022-06-25T04:01:04","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/removal-of-mortgage-stress-test-will-not-result-in-free-for-all\/"},"modified":"2022-06-25T11:20:33","modified_gmt":"2022-06-25T04:20:33","slug":"removal-of-mortgage-stress-test-will-not-result-in-free-for-all","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/removal-of-mortgage-stress-test-will-not-result-in-free-for-all\/","title":{"rendered":"Removal of mortgage stress test \u2018will not result in free-for-all\u2019"},"content":{"rendered":"


\nWhile Bank of England decision may help first-time buyers, experts say there will still be restrictionsFirst-time buyers may get a boost from this week\u2019s announcement that the Bank of England will no longer expect lenders to check if they can afford mortgage payments at higher interest rates \u2013 but experts do not expect it to lead to a mortgage free-for-all.From 1 August, banks and building societies will no longer be required to stress-test a borrowers\u2019 finances with the mortgage market affordability test when working out how much to lend. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Removal of mortgage stress test \u2018will not result in free-for-all\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While Bank of England decision may help first-time buyers, experts say there will still be...<\/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-127357","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-x89","jetpack-related-posts":[{"id":82915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-taking-increasing-risks-warns-bank-of-england\/","url_meta":{"origin":127357,"position":0},"title":"Mortgage lenders taking increasing risks, warns Bank of England","date":"March 16, 2018","format":false,"excerpt":"\r Threadneedle Street puts banks on notice as it prepares for annual stress test of resilienceThe Bank of England has warned high street banks are taking increasing risks selling mortgages and commercial loans that could threaten the stability of the financial system if left unchecked. Threadneedle Street put banks on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-scraps-mortgage-affordability-test\/","url_meta":{"origin":127357,"position":1},"title":"Bank of England scraps mortgage affordability test","date":"August 1, 2022","format":false,"excerpt":"\r Test required potential homebuyers to prove they could afford three-percentage-point rise in interest ratesThousands of potential homebuyers may find it easier to get on to the property ladder after a key mortgage affordability test was scrapped by the Bank of England.The central bank has said the change \u2013 taking\u2026","rel":"","context":"In "Property 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