💨 Abstract

Chancellor Rachel Reeves plans to announce mortgage reform to help first-time buyers. Key changes include: • Increasing mortgage options at 4.5 times income. • Lowering salary thresholds for Nationwide's Helping Hand mortgage. These measures aim to: • Enable 36,000 extra mortgages in the first year. • Assist first-time buyers, particularly those in care, education, and public services.

Courtesy: Craig Munro