{"id":142897,"date":"2024-03-05T07:01:54","date_gmt":"2024-03-05T00:01:54","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-reforms-have-excluded-first-time-buyers-say-uk-building-societies\/"},"modified":"2024-03-05T07:08:43","modified_gmt":"2024-03-05T00:08:43","slug":"mortgage-reforms-have-excluded-first-time-buyers-say-uk-building-societies","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-reforms-have-excluded-first-time-buyers-say-uk-building-societies\/","title":{"rendered":"Mortgage reforms have excluded first-time buyers, say UK building societies"},"content":{"rendered":"


\nReport calls for overhaul of rules on loan affordability and repayment, and more flexible mortgage productsMortgage reforms introduced after the 2008 banking crisis have \u201ctilted too far\u201d in support of financial stability to the point that first-time buyers are being excluded from the housing market, building societies have warned.A report commissioned by the Building Societies Association has called for an overhaul of affordability and repayment rules, which they say have contributed to a steady decline in first-time buyer mortgages since the mid-2000s. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgage reforms have excluded first-time buyers, say UK building societies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Report calls for overhaul of rules on loan affordability and repayment, and more flexible mortgage...<\/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-142897","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-BaN","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":142897,"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":170556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-enjoy-biggest-choice-of-low-deposit-mortgages-in-uk-since-2008\/","url_meta":{"origin":142897,"position":1},"title":"First-time buyers enjoy biggest choice of low-deposit mortgages in UK since 2008","date":"February 13, 2026","format":false,"excerpt":"\r More than 500 deals now offer 95% loans as banks and building societies loosen their borrowing rulesWould-be first-time buyers have the biggest choice of low-deposit mortgages for at least 18 years, new data shows, suggesting that 2026 is looking positive for those trying to get a foot on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/removal-of-mortgage-stress-test-will-not-result-in-free-for-all\/","url_meta":{"origin":142897,"position":2},"title":"Removal of mortgage stress test \u2018will not result in free-for-all\u2019","date":"June 25, 2022","format":false,"excerpt":"\r While 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-deposit-no-problem-the-new-100-mortgages-for-first-time-buyers\/","url_meta":{"origin":142897,"position":3},"title":"No deposit, no problem: the new 100% mortgages for first-time buyers","date":"July 17, 2026","format":false,"excerpt":"\r Banks and building societies have started relaxing affordability rules and becoming more creative with productsFor many first-time buyers, getting their foot on the property ladder can feel like an impossible dream. However, the good news is that there are a growing number of mortgage deals that require only a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-told-they-can-scrap-affordability-rules-for-buyers\/","url_meta":{"origin":142897,"position":4},"title":"UK mortgage lenders told they can scrap affordability rules for buyers","date":"June 20, 2022","format":false,"excerpt":"\r Bank of England feels other measures will play stronger role in guarding against household debtLenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched rules originally designed to avoid another 2007-style credit crunch.The rules, introduced in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-rolls-out-looser-mortgage-rules-to-help-first-time-buyers\/","url_meta":{"origin":142897,"position":5},"title":"Bank of England rolls out looser mortgage rules to help first-time buyers","date":"July 9, 2025","format":false,"excerpt":"\r Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers on to housing ladderBusiness live \u2013 latest updatesThe Bank of England has rolled out looser mortgage rules that policymakers hope will help 36,000 more first-time buyers on to the housing ladder each year.New guidelines\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\/142897"}],"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=142897"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/142897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=142897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=142897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=142897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}