The phrase "affordability requirements" is correct and usable in written English.
It can be used in contexts related to financial criteria or standards that must be met to ensure something is affordable.
Example: "The housing project must adhere to strict affordability requirements to qualify for government funding."
Alternatives: "cost criteria" or "financial eligibility standards."
But since the banking crisis, the Financial Conduct Authority has imposed tough affordability requirements.
The affordability requirements for second mortgages can be less onerous than for standard home loans.
You won't have difficulty remortgaging because you are the sole earner, but you could have problems if your income doesn't meet your lender's affordability requirements.
Homeowners Katy Spink and her husband Ian found themselves trapped as they knew they would not meet the affordability requirements post-MMR to qualify for a new mortgage deal.
It was then, in response to their falling market share — rather than the affordability requirements — that Fannie and Freddie made the fateful decision to expand their lending to lower-quality borrowers.
"The key issues that could pose problems are if you are now deemed too old to borrow, if you have an interest-only mortgage you want to move or no longer meet a lender's affordability requirements," said David Hollingworth of mortgage brokers London & Country.
Andy R. Anderson, an expert on employee benefits at the law firm Morgan Lewis, said, "A lot of employers, particularly those with low-wage work forces, will run into difficulty with the affordability requirement".
It's not easy to do this while offering the best price for the land: prices are discounted by any affordability requirement so commercial bidders and land owners will be aiming to reduce the proportion of affordable homes to get the best price.
In order to test whether or not their coverage satisfies the affordability requirement of the ACA, employers are allowed to use one of three types of safe harbors.
Based on your affordability and requirement, you can get the policy cost reduced to have substantial annual savings.
However, it warned that the MoD's plan would "inevitably change over time as economic and operational priorities evolve and as short-term affordability or urgent requirements cause the department to flex its plans".
