tag:blogger.com,1999:blog-1141932539860553199.post8567085559263919085..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Mortgage lenders face tougher rules"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1141932539860553199.post-9345200434190294182013-10-04T21:37:07.765+01:002013-10-04T21:37:07.765+01:00I hate to rain on your parade, but 'affordabil...I hate to rain on your parade, but 'affordability checks' are already compulsory for mortgage lending. Trouble is of course the checks are pants. The lenders have abandoned the old 3 x first plus once x second income and have moved to 'affordability', which, guess what can result in multiples of over 5 x first income. So that worked well, not. <br /><br />More failed regulation.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.com