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Bank of England makes controversial move to scrap mortgage affordability test

By Justin Pugsley
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UK mortgage affordability test requirements by lenders will be scrapped by the Bank of England (BoE) from August 1 in a move that has raised concern in some quarters, though the loan to income (LTI) ratio limit will remain. 

On June 20, the BoE’s Financial Policy Committee (FPC) said it ...

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