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Evening Standard
Evening Standard
Vicky Shaw

Lenders to have greater flexibility offering higher loan to income mortgages

Temporary changes have already have enabled building societies to review their mortgage offerings and support more than 1,000 additional first-time buyers a month into homeownership, the Building Societies Association said (Peter Byrne/PA Archive) - (PA Archive)

Regulators have set out proposed changes to give mortgage lenders more flexibility making higher loan-to-income (LTI) mortgages.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are consulting on the proposals.

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