by admin | Jul 4, 2014 | Blog, Business, Business Finance Junction, Business Notes, Economy, Finance, Monthly Musings, News, Newsletter, Noteworthy News, Small Business Blog
The FPC (Financial Policy Committee) has proposed new rules for mortgage lenders which caps loan-to-income ratios and includes interest rate stress tests. Lenders will not be able to have more than 15% of new mortgages at loan-to-income above 4.5 times and it applies...
