As of tomorrow mortgage applicants face tougher questions about their lifestyle, under new rules. Questions from lenders about customers regular outgoings could include childcare costs and how much you spend on having your hair done. According to the Financial Conduct Authority the changes are designed to hardwire common sense into the mortgage application process, but brokers have said it could lead to delays and more rejections of applications. Is this a good idea? Or will it make it even harder now for the young to get on the ladder? Are you trying to get on the ladder for the first time? Let us know...
Posted on: Fri, 25 Apr 2014 10:45:43 +0000
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