Thursday 19 October 2017

'How can you save 10pc with rents so high?' - Do new mortgage lending rules go far enough?

(Stock picture)
(Stock picture)
Brian O'Reilly

Brian O'Reilly

NEW mortgage lending rules announced yesterday have been met with a mixed response from readers.

Many readers felt that with rents continuing to soar even a 10pc deposit left them with a mountain to climb:

Others were disappointed to see no change to the limit of banks lending a maximum 3.5 times of the borrower's income:

While many were frustrated that there was no help for those wishing to move:


What do you think of the new mortgage lending rules? Are you caught in a rent trap? Let us know.

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