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Evening Standard

Vicky Shaw

Banks can now lend £30,000 more to average mortgage borrower, says FCA boss

FCA Nikhil Rathi

Mortgage lenders have said they can now lend around £30,000 more to the average borrower due to changes to affordability rules, the chief executive of the Financial Conduct Authority (FCA) has said.

Nikhil Rathi said the changes were judged “a risk worth taking”.

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One subscription that gives you access to news from hundreds of sites

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‘Not exactly his favorite senator’: Susan Collins distances herself from Trump in Maine debate

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