HSBC eases stress tests to boost FTB lending by up to £39,000 – Mortgage Strategy

HSBC makes stress rate changes to boost mortgage affordability

High street lender HSBC will change the stress rate used in its mortgage affordability calculations to boost borrowing power.

HSBC relaxes affordability tests to boost FTB lending by up to £39,000 – Mortgage Finance Gazette

HSBC has eased stress test calculations for homebuyers and remortgagers, adding that the move will mean some first-time buyers will be able to borrow an extra £39,000. The high street bank says these changes come into effect immediately and could allow 20,000 more customers to arrange… The post HSBC relaxes affordability tests to boost FTB lending by up to £39,000 appeared first on Mortgage Finance Gazette.

HSBC eases stress tests to boost FTB lending by up to £39,000 – Mortgage Strategy

HSBC has eased stress test calculations for homebuyers and remortgagers, adding that the move will mean some first-time buyers will be able to borrow an extra £39,000. The high street bank says these changes come into effect immediately and could allow 20,000 more customers to arrange a mortgage with the lender. Earlier this month, Lloyds Banking Group, which owns Halifax, made similar changes, as did Santander in March. HSBC UK head of mortgage…