Скачать или смотреть Relaxed Stress Test For Banks | Good News For Getting A Mortgage?

Relaxed Stress Test For Banks | Good News For Getting A Mortgage?

Recently the Bank of England announced that it would be axing the stress test for a mortgage.
What is a mortgage stress test?
A Mortgage affordability stress test is designed to stop borrowers from overstretching themselves. It checks if borrowers can afford the mortgage repayments at a higher level than the fixed or tracker rate they may be taking at their lenders standard variable rate plus 3 percent.

However, the stress test will be scrapped, the 'flow limit' will continue.
This is the multiple at which banks will lend based on someone's annual salary.

This means banks will continue to place a limit on the number of mortgages they can offer where someone is borrowing more than 4.5x their salary.
0:00-1:13 Introduction
1:13-3:23 What is a stress test
3:23-7:32 What is changing with the stress test for mortgage lenders?
7:32-10:04 Our thoughts on stress testing

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