Halifax launches mortgage rule changes with customers able to access more

Huge boost for buyers as another major lender makes change to mortgage rules to allow people to borrow up to 38k MORE

A MAJOR mortgage lender has made a big change to its rules that will help more people get on the housing ladder. Halifax has made changes to its affordability rules that means buyers will be able to borrow more. The change to affordability rules could mean thousands more people could get on the property ladderCredit: Getty UK house prices surged to a new record high this month, meaning first-time buyers are having to stump up even more money to …

Lloyds Banking Group relaxes mortgage stress tests to boost borrowing – Mortgage Finance Gazette

Lloyds Banking Group, which owns Halifax, has eased affordability calculations among its lenders for homebuyers and remortgagers, adding that typical households will now be able to borrow an extra £38,000. Halifax, BM Solutions, Bank of Scotland and Lloyds Bank say stress rate calculations on products… The post Lloyds Banking Group relaxes mortgage stress tests to boost borrowing appeared first on Mortgage Finance Gazette.

Halifax launches mortgage rule changes with customers able to access more

Halifax has launched changes to its mortgage rules which will allow customers to borrow more

Halifax, Bank of Scotland, BM Solutions and Lloyds Bank tweak stress tests to boost borrowing power

Halifax, Bank of Scotland, BM Solutions and Lloyds Bank have adjusted their stress rates, which could add up to 13% to typical maximum loan amounts.

Owner-Occupiers Can Boost Servicing Power with Rental Income! - Coutts Lawyers & Conveyancers

KEY TAKE OUTS: Increased Borrowing Power: CBA now allows owner-occupiers to include rental income when calculating loan servicing, enabling them to borrow more. CBA’s New Servicing Changes: Owner-Occupiers Can Now Include Rental Income! In an exciting move for owner-occupiers looking to boost their borrowing power, the Commonwealth Bank of Australia (CBA) has introduced significant changes to its servicing calculations. Now, owner-occupiers can…