The changes are designed to offer improved affordability with better leverage for landlords.

Affordability rates have been cut for residential purchase and remortgage applications.

Patrick Bamford, head of international business development at Qualis Credit Risk, says low unemployment, growing incomes and the anticipation of further mortgage rate falls will have...

The reduction allows applicants to borrow on average £28,000 more.

Hodge has reduced its affordability stress rate to support more customers onto the property ladder.

The changes to Accord's stress rates will allow it to offer bigger mortgages to more borrowers.

This current affordability ratio is the best it’s been in the last 10 years.

Fewer than one in five people think now is a good time to buy a home.

The changes will benefit both purchase and remortgage applications across the product range.

A typical household could potentially borrow £38,000 more.