{"id":157299,"date":"2025-07-09T20:46:27","date_gmt":"2025-07-09T13:46:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-rolls-out-looser-mortgage-rules-to-help-first-time-buyers\/"},"modified":"2025-07-10T06:27:33","modified_gmt":"2025-07-09T23:27:33","slug":"bank-of-england-rolls-out-looser-mortgage-rules-to-help-first-time-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-rolls-out-looser-mortgage-rules-to-help-first-time-buyers\/","title":{"rendered":"Bank of England rolls out looser mortgage rules to help first-time buyers"},"content":{"rendered":"


\nMove 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 announced by the UK\u2019s central bank mean that individual banks and building societies can offer more high loan-to-income (LTI) mortgages, which are equal to, or worth more than, 4.5 times a borrower\u2019s annual earnings. Continue reading…
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\nSource : theguardian.com
\nRead more…Bank of England rolls out looser mortgage rules to help first-time buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers...<\/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-157299","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-EV5","jetpack-related-posts":[{"id":123790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages\/","url_meta":{"origin":157299,"position":0},"title":"Bank of England plans to remove interest rate rule for mortgages","date":"December 14, 2021","format":false,"excerpt":"\r Bank 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\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":157299,"position":1},"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":150586,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-looser-affordability-rules-may-widen-home-ownership-in-the-uk\/","url_meta":{"origin":157299,"position":2},"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":117086,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/englands-first-time-buyers-with-10-deposit-struggle-to-find-mortgage\/","url_meta":{"origin":157299,"position":3},"title":"England's first-time buyers with 10% deposit struggle to find mortgage","date":"June 12, 2020","format":false,"excerpt":"\r More and more lenders halt such deals despite the English housing market reopening First-time buyers in England are being locked out of the recently reopened housing market because there are hardly any mortgages available to those who can only manage a 10% deposit, it emerged this week.Mortgage lenders have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-reforms-have-excluded-first-time-buyers-say-uk-building-societies\/","url_meta":{"origin":157299,"position":4},"title":"Mortgage reforms have excluded first-time buyers, say UK building societies","date":"March 5, 2024","format":false,"excerpt":"\r Report 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\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":157299,"position":5},"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 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