Under new rules that take effect on Saturday, mortgage applicants face tougher questions about their lifestyle, to give lenders greater confidence that borrowers will actually have the ability to pay.
Questions from lenders about customers’ regular outgoings – including childcare costs and even haircuts – could be included in affordability checks, along with a range of other lifestyle queries.
At the Evening Harold, we have obtained an early draft copy of the new questionnaire, so why not try it yourself and find out whether, in these difficult times, the mortgage companies will see you as a good risk? Continue reading
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