mortgage affordability

Mortgage flexibility starts to reduce barriers for first-time buyers

30th January 2026 Consumer Lending | #mortgage affordability

The Building Societies Association’s (BSA) latest Property Tracker survey, conducted in January 2026, shows that the barriers preventing would-be homebuyers from achieving their aspiration remain financial – raising a deposit (64%), affording monthly mortgage repayments (50%) and access to a large enough mortgage (45%) – rather than attitudinal. With the main obstacles tightly clustered around…

Mortgage repayment affordability hits toughest level since 2008

5th September 2025 Consumer Lending | #mortgage affordability

New data from Moneyfacts has shown that despite softening house price growth, the burden of mortgage payments is impacting household finances. The data shows that an average earner is able to put down the required deposit and commit to a mortgage in the past couple of years, but will have found their monthly mortgage payment…

Growth in earning makes home purchasing more affordable for first-time buyers

27th January 2025 Consumer Lending | #mortgage affordability

New research by Nationwide has found that strong earnings growth has made home purchasing slightly more affordable for first-time buyers. The data shows that a typical buyer with a 20% deposit now spends 36% of their monthly take-home pay on mortgage payments, down from 2023 but still above the long-run average of 30%. Earnings growth remains…

Mortgage affordability improves for the second consecutive month

24th January 2025 Consumer Lending | #mortgage affordability

Mortgage affordability improved for the second consecutive month in November, new analysis from Stonebridge reveals. The mortgage and protection network’s latest Mortgage Affordability Index shows that monthly repayments accounted for 36.3% of the average borrower’s salary in November. This is down significantly from 40% in September and 38.7% in October, the data shows. The last…

FPC confirms mortgage affordability test withdrawal

21st June 2022 Consumer Lending | #mortgage affordability

The Financial Policy Committee (FPC) has confirmed that it will withdraw its affordability test Recommendation. The change will come into effect from 1st August 2022. Introduced in 2014 the test specifies a stress interest rate for lenders when assessing prospective borrowers’ ability to repay a mortgage. The other Recommendation, the loan to income (LTI) ‘flow…

Bank of England considers mortgage affordability rule changes

1st March 2022 Consumer Lending | #featured #mortgage affordability

Rules introduced in 2014 by the Financial Policy Committee (FPC) to restrict the amount mortgage applicants could borrow may be reversed following a review by the Bank of England (BoE). Since 2014, Banks have had a limit on the number of mortgages they can offer where someone is borrowing more than 4.5 times their salary.…

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