A mortgage shake-up could see homeowners handed a £19,000 boost on house prices. Rule changes mean buyers could borrow up to £40,000 more than before, easing affordability pressures, it has been revealed.

Relaxed mortgage stress testing rules could add £19,000 to average UK house prices over the next five years, according to analysts. The change could spark an upturn in property prices - measuring up to 7.5 per cent.

The shake-up could also help boost first-time buyer transactions by between 14 per cent and 24 per cent, potentially helping more than 80,000 additional buyers onto the property ladder.

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Lucian Cook, head of residential research at Savills, said: "Change would not be immediate, wi

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