{"id":150586,"date":"2025-04-05T17:00:22","date_gmt":"2025-04-05T10:00:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-looser-affordability-rules-may-widen-home-ownership-in-the-uk\/"},"modified":"2025-04-06T08:46:49","modified_gmt":"2025-04-06T01:46:49","slug":"how-looser-affordability-rules-may-widen-home-ownership-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-looser-affordability-rules-may-widen-home-ownership-in-the-uk\/","title":{"rendered":"How looser affordability rules may widen home ownership in the UK"},"content":{"rendered":"


\nMortgage 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 of Britain\u2019s biggest mortgage lenders, Santander, has loosened its affordability rules to enable customers to borrow more, with other banks and building societies almost certain to follow suit. Continue reading…
\n
\nSource : theguardian.com
\nRead more…How looser affordability rules may widen home ownership in the UK<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgage lenders encouraged by regulator to loosen affordability tests so would-be homebuyers can borrow moreUK...<\/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-150586","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-DaO","jetpack-related-posts":[{"id":127090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-told-they-can-scrap-affordability-rules-for-buyers\/","url_meta":{"origin":150586,"position":0},"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":151199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-and-co-op-bank-cut-mortgage-rates-as-halifax-and-lloyds-ease-rules\/","url_meta":{"origin":150586,"position":1},"title":"HSBC and Co-op Bank cut mortgage rates as Halifax and Lloyds ease rules","date":"April 15, 2025","format":false,"excerpt":"\r Lenders stepping up mortgage price war in apparent response to financial turmoil sparked by US tariffsUK lenders are stepping up a mortgage price war, with HSBC and the Co-operative Bank announcing fresh rate cuts, and Halifax and Lloyds Bank loosening their affordability rules to enable homebuyers to borrow more.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests\/","url_meta":{"origin":150586,"position":2},"title":"Homebuyers could struggle with mortgages as UK banks tighten affordability tests","date":"April 11, 2022","format":false,"excerpt":"\r Brokers 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/santander-eases-mortgage-rules-so-it-can-lend-up-to-35000-more\/","url_meta":{"origin":150586,"position":3},"title":"Santander eases mortgage rules so it can lend up to \u00a335,000 more","date":"March 28, 2025","format":false,"excerpt":"\r Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be \u2018unduly restricting\u2019Business live \u2013 latest updatesOne of the UK\u2019s largest mortgage lenders has relaxed its rules and will offer some borrowers up to \u00a335,000 more to fund their home purchases.Santander said it had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-mortgage-for-uk-first-time-buyer-hits-record-high-of-210800\/","url_meta":{"origin":150586,"position":4},"title":"Average mortgage for UK first-time buyer hits record high of \u00a3210,800","date":"December 15, 2025","format":false,"excerpt":"\r People able to buy homes previously beyond budget, aided by rising wages and looser affordability testsFirst-time buyers are taking out larger mortgages than ever before as rising wages and looser affordability tests allow them to buy properties that were previously beyond their budget.The average first-time buyer borrowed \u00a3210,800 in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-mortgage-affordability-rules-help-uk-housing-market-avoid-summer-lull\/","url_meta":{"origin":150586,"position":5},"title":"New mortgage affordability rules help UK housing market avoid summer lull","date":"July 29, 2025","format":false,"excerpt":"\r Record number of homes for sale has created \u2018buyer\u2019s market\u2019 and kept price rises in check, Zoopla report saysThe typical summer lull in Britain\u2019s housing market has been avoided amid the availability of bigger home loans fuelling a \u201cbuyer\u2019s market\u201d, according to a property website.Despite the signs of a\u2026","rel":"","context":"In "Property 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