Whether your clients are buying a first home, moving on to a new property or remortgaging, we’re helping them borrow more. We’ve reduced our affordability stress rates by between 0.75 and 1.25 percentage points.
The stress rate reduction will help:
- First time buyers, including those eligible for Helping Hand
- Home movers, both new and existing customers
- Clients remortgaging to us, especially those not increasing their borrowing
Your clients will be able to borrow, on average, up to £28,000 more.
Example scenarios
Here you'll find some examples to demonstrate the benefit of the change. These are based on two applicants and the amount that can be borrowed is illustrative and will depend on your clients’ individual circumstances.