Better methods for home loan borrowers in the middle of more difficult financing limitations

Changes into Borrowing from the bank Agreements and you may Individual Money Act (CCCFA) indicate lender comments are going beneath the microscope, financial gurus state.

Out-of December step 1, lenders must actively comment advice given in detail, to make certain they are aware a borrower’s situations in advance of granting a loan. Loan providers should ask alot more questions, Financial Ombudsman Nicola Sladden told you, informing borrowers to „allow big date“, „be ready“ and you can „end up being clear“. Continue reading →