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Bank of England Eases Mortgage Rules for First-Time Buyers

7/10/2025

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Summary

Story summary

The Bank of England is making waves for first-time buyers by easing mortgage rules, enabling banks to offer higher loan-to-income ratios. This shift is set to boost high LTI lending from 9.7% to 11% by 2025, while the government introduces a mortgage guarantee scheme to support riskier loans, opening doors for 36,000 hopeful homeowners each year.

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Story summary

The Bank of England is making waves for first-time buyers by easing mortgage rules, enabling banks to offer higher loan-to-income ratios. This shift is set to boost high LTI lending from 9.7% to 11% by 2025, while the government introduces a mortgage guarantee scheme to support riskier loans, opening doors for 36,000 hopeful homeowners each year.