Vida Homeloans has relaxed its residential affordability assessments, allowing customers to borrow over £17,000 extra on shorter-term fixed-rate products. The specialist lender says its new calculations apply to first-time buyers, home movers and remortgagers. These changes could mean two applicants each earning £25,000 a year, with…
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Vida stress test changes allow more than £17,000 of extra borrowing