UK financial regulators have proposed allowing banks to lend more mortgages to first-time buyers with smaller deposits and lower incomes as they respond to government calls for more risk-taking to boost the economy. The proposals could lead to the lifting of limits on riskier mortgage lending that were imposed on banks in response to the heavy losses of the 2008 financial crisis, when many lenders had to be bailed out by the government. Nikhil…
UK financial regulators have proposed allowing banks to lend more mortgages to first-time buyers with smaller deposits and lower incomes as they respond to government calls for more risk-taking to boost the economy. The proposals could lead to the lifting of limits on riskier mortgage lending that were imposed on banks in response to the heavy losses of the 2008 financial crisis, when many lenders had to be bailed out by the government. Nikhil…
UK financial regulators have proposed allowing banks to lend more mortgages to first-time buyers with smaller deposits and lower incomes as they respond to government calls for more risk-taking to boost the economy. The proposals could lead to the lifting of limits on riskier mortgage lending that were imposed on banks in response to the heavy losses of the 2008 financial crisis, when many lenders had to be bailed out by the government. Nikhil…
