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Santander eases mortgage rules so it can lend up to £35,000 more

Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be ‘unduly restricting’Business live – latest updatesOne of the UK’s largest mortgage lenders has relaxed its rules and will offer some borrowers up to £35,000 more to fund their home purchases.Santander said it had adjusted the way it calculated affordability, meaning many customers applying for a mortgage would be able to borrow between £10,000 and £35,000 more from Friday. Continue reading...

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