Daily Mail - Give more first-time buyers bigger mortgages, Reeves tells finance firms.

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More first-time buyers could get bigger mortgages, as Rachel Reeves enables lenders to loosen their lending rules to help more people on lower incomes buy a home. 

The Chancellor is expected to announce the reforms to financial regulation at a summit of top finance executives in Leeds today, ahead of her Mansion House speech in the City of London.

Aaron Strutt of Trinity Financial, told the Daily Mail: 'It can be really hard for those on lower incomes to borrow anywhere near the amount they need to buy a home, even if they have a large deposit.

'The argument is that they have less disposable income and therefore they can't afford a larger mortgage - even though many of them are paying high rents.'

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