Test required potential homebuyers to prove they could afford three-percentage-point rise in interest rates Thousands 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 - taking effect from 1 August - should not be viewed as "a relaxation of the rules". However, some commentators said that while the move would be welcomed by many, there was a risk that some p...
Test required potential homebuyers to prove they could afford three-percentage-point rise in interest rates Thousands 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 - taking effect from 1 August - should not be viewed as "a relaxation of the rules". However, some commentators said that while the move would be welcomed by many, there was a risk that some p...
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