The new tool offers brokers a quick and efficient way to determine affordability.

Borrowing capacity has been improved by up to 35% in some cases.

NatWest has increased its LTI caps to increase access to borrowing.

Rathi also confirmed that the FCA is "not anticipating any further mass redress events".

The government and FCA are considering relaxing mortgage affordability rules to boost first-time buyer lending.

Affordability remains most stretched in London and the South of England.

Mortgage repayments are at their most affordable since November 2022.

The proposition assesses borrowers more favourably than standard fixed rate criteria, allowing them to increase the size of their loan.

Stonebridge says high costs provide a golden opportunity for brokers to reach out and engage.

Mortgage costs as a percentage of income have fallen to 29% from 33%.