Mortgage rules put stress tests at odds with rate cut expectations

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Mortgage rules put stress tests at odds with rate cut expectations
Lenders are having to stress test customers at rates which they do not believe borrowers will actually incur, Yorkshire Building Society's Ben Merritt says (Hollie Adams/Bloomberg)

Borrowers are being tested on whether they could meet mortgage payments if rates rise, despite consensus expectations the base rate will fall, lenders have warned.

Unlimited access to our award-winning journalism

Read the full story with a free account

  • Read without interruption - full access to our reporting on the financial intermediary market
  • Bank CPD while you read
  • Share your perspectives
  • Stay in the know with our daily newsletter
  • Receive personal recommendations
Already have an account?Sign In

Related articles