This article provides useful background: https://uk.finance.yahoo.com/news/mortgages-property-bank-of-england-new-rules-135743329.html https://uk.finance.yahoo.

This article provides useful background: https://uk.finance.yahoo.com/news/mortgages-property-bank-of-england-new-rules-135743329.html https://uk.finance.yahoo.com/news/mortgages-property-bank-of... tl;dr - the rule being scrapped isn't the only rule that limits how much people can borrow, and there are problems with the way it works due to short term nature of most UK mortgage deals. So scrapping this rule isn't necessarily a bad thing.