Affordability to become “a more pressing issue”, say lenders
Original Article Summary
Mortgage lenders expect struggles with mortgage affordability to worsen in the years ahead. Phoebus Software polled mortgage professionals and found that half (47%) thought mortgage affordability will worsen in 2027, with a further third (30%) thinking it will be significantly worse. Adam Oldfield, CEO at Phoebus Software said: “Despite a resilient housing market and lower […] The post Affordability to become “a more pressing issue”, say lenders appeared first on PropertyWire.
PropMatch Curated Analysis
Industry survey reveals 77% of mortgage professionals expect affordability to worsen by 2027 due to tax increases, higher unemployment, and reduced disposable incomes. FCA considering loosening affordability rules to help more people access mortgages.
Investor Relevance
Worsening affordability affects investors' financing costs, tenant demand (fewer people able to buy means more renters), and potential regulatory changes to lending rules that could create new opportunities or constraints for property investment financing.
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