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santander relaxes mortgage rules to boost homeownership opportunities for borrowers
Santander has become the first major lender to relax its mortgage affordability criteria, allowing borrowers to access up to £35,000 more based on their income. This move aligns with recent guidance from the Financial Conduct Authority aimed at stimulating home ownership. David Morris, head of homes at Santander, emphasized the importance of helping customers achieve their homeownership dreams while maintaining responsible lending practices.
financial pressures mount as scots face mortgage and council tax struggles
More Scots are struggling to pay their mortgage and council tax bills, according to a debt charity. The financial pressures are exacerbated by pub closures and calls for the UK Government to increase the personal tax allowance for pensioners. Meanwhile, Santander reassures that the UK remains a core market despite regulatory challenges.
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