logo

Tag

discretionary spending

Tougher rules for mortgages put affordability first

The news has been full this week with story about the tougher new rules for people applying to take out a mortgage. There’s been some consternation at the idea that lenders might want to know how much people spend on toiletries or gym membership. These are, it seems to be emerging in the comments from banks and building societies about how the Mortgage Market Review rules will work, extreme examples of a concer
Read More