46% of mortgage lending at high income multiples as Sprive CEO warns of long-term borrowing risks

High loan-to-income mortgages rise to 46% of advances

Nearly half of all mortgage advances in the second quarter went to borrowers with high loan-to-income ratios, according to FCA and Bank of England data. The 46% figure represents an increase from 41.4% a year earlier, raising concerns about long-term affordability.

Homeowners warned about long-term debt risk

Jinesh Vohra, of Sprive, says mortgage industry must do more to help borrowers understand cost of loans.

46% of mortgage lending at high income multiples as Sprive CEO warns of long-term borrowing risks on Twenty7tec podcast

Longer mortgage terms could increase financial risks later in life, warns Sprive CEO

Speaking on the latest episode of Twenty7tec's ELEVATE Podcast Series, Vohra warned that the mortgage industry must do more to help borrowers understand the lifetime cost of their mortgage.

46% of mortgage lending at high income multiples as Sprive CEO warns of long-term borrowing risks

The growing reliance on longer mortgage terms to address affordability pressures could leave homeowners facing greater financial uncertainty later in life, according to Jinesh Vohra, CEO and Co-Founder of Sprive, which recently secured $10 million (£7.7 million) in Series A funding. Speaking on the latest episode of Twenty7tec’s ELEVATE Podcast Series, Vohra warned that the […]