New April mortgage checks could hit affordability

modern new housing   england
modern new housing england

If you're shopping for a mortgage, get a move on. That's because from April a new regime of tougher affordability checks arrive which may hike overall charges. The new changes will focus more on monthly expenditure rather than income multiples, the traditional way of judging mortgage affordability.

In other words, more scrutiny, more paperwork, more stress. Is there any upside? %VIRTUAL-SkimlinksPromo%