Episode 115 - Bank Of England Ditching Mortgage Affordability Stress Test

In this week's episode of The Property Rebel: Arsh discusses with you the recent news in the UK regarding the banks' removal of some parts of their stress testing when lending to property investors. Stress testing is a way for the banks to deliberate your eligibility for a loan, mortgage, credit card, etc., through certain measurements such as your income, your outgoings/your liabilities. With this, they can pinpoint the level you need to afford such loans. This news is a great thing for property investors because it lowers the barrier to entry. On the other side of this, it could, unfortunately, be the start of irresponsible lending. Understand more about what this could mean for property investing and the financials around it by listening until the end! Wanna connect with Arsh? Click this link: www.arshellahi.com/contact   Any suggestions for next week's episode? Please get in touch.   Want to know more about the Property Rebel? Head over to Arsh's Youtube Channel. Where you can find lots more quality content and information. Click To Subscribe   Have you heard about Arsh's app the Property Investor? You can download it directly to your mobile by clicking the links below:   Apple Devices: Download Here   Android Devices: Download Here   Or Visit the website by clicking HERE   Thank you for listening! #propertyrebel