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Excessive mortgage lending rules leave London tenants stuck in the rental trap

The ability for renters to borrow a higher amount than the normal 4.5x income would be hugely beneficial,



London tenants are trapped in a rental cycle due to restrictive mortgage lending rules, including affordability stress tests, capital requirements for low-deposit borrowers, and limits on high loan-to-income mortgages. Relaxing these rules and considering rental payment history as proof of affordability could help renters become homeowners.

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