Prøve GULL - Gratis
Boost for first-time buyers after mortgage rule change
The Independent
|July 11, 2025
First-time buyers could get wider access to mortgages after the Bank of England (BoE) loosened its rules on lending.
Until now, just under 10 per cent of new mortgages issued are for valuations exceeding 4.5 times the income of a borrower. That is now set to rise to 15 per cent across the industry, with some building societies and banks now able to offer an even higher number of new mortgages at that level.
BoE estimates suggest 36,000 extra mortgages with higher loan-to-income ratios could be handed out each year as a result of the change. With the government chasing economic growth and Labour pledging to build 1.5 million new homes during this parliament, alterations to rules across both finance and housebuilding have been in focus this year.
Denne historien er fra July 11, 2025-utgaven av The Independent.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Independent
The Independent
Hockney seals his status as an intellectual revolutionary
David Hockney's impassioned protest in The Independent on Wednesday against the Bayeux Tapestry being moved from its home in Normandy to the British Museum for nine months might seem out of character to those who only associate Britain's greatest living artist with his vibrant, colourful and life-affirming paintings.
3 mins
January 16, 2026
The Independent
Tour de France reveals six British routes for next year
Ten British host towns and cities have been revealed as the 2027 Tour de France and Tour de France Femmes routes were confirmed yesterday.
2 mins
January 16, 2026
The Independent
Labour has forgotten the first rule of politics: let voters vote
Four million people will be denied the right to vote in local elections this year, unless Nigel Farage succeeds in a legal action to overturn the government's decision.
3 mins
January 16, 2026
The Independent
CHEESE'N CRACKERS
The first 'proper' Robbie Williams album in almost a decade, 'Britpop' is an unabashed joyride, writes Roisin O'Connor
3 mins
January 16, 2026
The Independent
Fury as beach huts hit with 'second homes' council tax
Officials have pressed ahead with plans to start charging owners of beach huts full council tax on the basis that they are second homes. Cash-strapped Bournemouth, Christchurch and Poole (BCP) Council in Dorset unanimously voted through the controversial policy that will see the 344 timber huts at Mudeford Spit, Christchurch, put into council tax band A.
2 mins
January 16, 2026
The Independent
Latest drama exposes the central flaw of The Traitors
Until her dramatic explosion at the breakfast table, Harriet was perhaps the best player we've seen on the BBC show so far. That's why she could never win, writes Ellie Harrison
3 mins
January 16, 2026
The Independent
More than 20 councils look to delay May local elections
Around a third of eligible councils in England are expected to delay their local elections, which were due to take place in May.
2 mins
January 16, 2026
The Independent
Farmers battle the climate crisis in war-torn Yemen
With the flow of aid plummeting and water shortages getting worse, Nick Ferris meets those looking for fresh solutions
5 mins
January 16, 2026
The Independent
America's new Iran policy? Keep the ayatollahs guessing
Since the start of the year, it has been rare to wake up without news of a fresh and unheralded demonstration of US power. Yet in recent days, that is what happened - or, rather, did not happen.
4 mins
January 16, 2026
The Independent
Raducanu handed tough draw in Australian Open
Emma Raducanu could face world No 1 Aryna Sabalenka in the third round of the Australian Open as the British No 1 landed a tough draw despite her seeding for the opening grand slam of the season.
2 mins
January 16, 2026
Listen
Translate
Change font size