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Evening Standard
Evening Standard
Business
Meghann Murdock

Mortgage affordabilty tests: Bank of England abandons ‘stress test’ recommendation for mortgage approvals

The Bank of England has abandoned its 'stress test' recommendations for approving new mortgages from today, August 1, follwing its announcement of the change in June.

The change may make it slightly easier for borrowers such as freelancers and the self-employed to secure a mortgage.

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