UK regulators consider loosening mortgage rules to boost economy, sparking debate on potential risks.

UK financial regulators are considering loosening mortgage rules to boost the economy, potentially making it easier for first-time buyers to get larger loans with smaller deposits. This move aims to stimulate growth but has raised concerns about an artificial housing price boom. The regulators are also looking at scrapping the £100 limit on contactless card payments. Critics argue that these changes could exacerbate housing affordability issues and risk creating an asset bubble.

2 months ago
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