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Santander allows customers to borrow more as it reduces mortgage affordability rates by up to 0.75%.
Santander has become the first major UK lender to reduce mortgage affordability rates by up to 0.75%, allowing customers to potentially borrow between £10,000 and £35,000 more.
This move follows the UK Financial Conduct Authority's call for lenders to better align affordability rates with customer needs in a declining interest rate market.
The changes are subject to individual circumstances and affordability checks.
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Santander permite a los clientes pedir más préstamos, ya que reduce las tasas de asequibilidad hipotecaria en hasta un 0,75%.