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Stringent mortgage rules are locking many potential first-timer buyers out of the housing market

    'Resentful Renters', a new paper by the Centre for Policy Studies (CPS) think tank points out that a Bank of England "stress test" can "deny people mortgages that they could perfectly well afford".

    The report states that Boris Johnson's plan to encourage a new generation of long-term, low-deposit mortgages could help up to 1.9 million first-time buyers onto the housing ladder, by making the test "irrelevant" in many cases.

    Read the full article in the Telegraph here

     

    https://www.telegraph.co.uk/politics/2019/12/21/stringent-mortgage-rules-locking-many-potential-first-timer/

    Date added: Saturday 21st December 2019