Mortgage affordability test scrapped by Bank of England
Mortgage borrowing rules have been eased after the Bank of England scrapped an affordability test. The “stress test” forced lenders to calculate whether potential borrowers would be able to cope if interest rates climbed by up to 3%. Removing the test may help some potential borrowers get loans, such as the self-employed or freelance workers. […]
What fintech innovations can the UK mortgage market learn from and adopt?
Customer expectations are rapidly changing and a new wave of start-ups are transforming financial services around the world. Is the UK mortgage market in danger of falling behind? And what can the UK mortgage sector learn from those at the cutting-edge, and what technologies could it realistically adopt over the next few years? Dock9 recently […]