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Lender relaxes rules so buyers can borrow more
Daily Express
|March 29, 2025
SANTANDER has become the first major lender to relax its mortgage rules following a nudge from the Financial Conduct Authority.
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It means homebuyers could be able to borrow up to an extra £35,000. The UK's fourth largest lender will reduce the strictness of borrower stress tests, which are used to check if loans can be paid if rates were to rise.
This story is from the March 29, 2025 edition of Daily Express.
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