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Submission: On January 26 via manual from US — Scanned from DE
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MORTGAGE RULES TO BE RELAXED?
December 13, 2021
The Bank of England is expected to relax mortgage rules to make it easier for
borrowers to acquire bigger home loans. Allowing buyers to borrow more, earlier,
could potentially be a huge boost to younger buyers as well as inflating
property prices above the record levels they are already.
Mortgage lenders are preparing to launch an array of new products with fixed
rate terms over 30, 40 and even potentially 50 years. Some buyers will also be
able to take out home loans for up to 6 times their income.
The mortgage market is more confusing than ever, so be sure to take professional
mortgage advice to ensure you chose a product that is right for your individual
circumstances.
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