It's a spectacular comeback but without a boost, as promised.
The rate of wear – the maximum at which one can borrow – on mortgages of 20 years and over will be raised by 0.48% on October 1 to reach 3.05% for the next three months, instead of 2, 57% in the previous quarter.
For loans less than 20 years old, the boost is 0.43% and the future wear rate will be 3.03%.
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