What Mortgage is partnering with Equifax to find out what impact the affordability rules introduced by the Financial Conduct Authority last year have had and are making on the mortgage application process.
These rules were introduced to help protect consumers, making lenders responsible for assessing whether a potential customer can afford the mortgage repayments and for verifying their income.
We want our readers to share their experiences; whatever stage of the mortgage application you are at. So whether you are preparing to apply for a mortgage in the next few months, or have already been through the process, please share your experience with us by completing our survey.
Types of survey questions:
- Do you know about the new affordability rules and how they could impact you?
- What would you do if interest rates were to rise?
- How much detail did your lender ask for when assessing your income and expenditure?
- Do you think you might have previously over-estimated what you could afford over the term of a mortgage?
The survey won’t take long and If you take part you will be entered into a prize draw to win £250 Amazon.co.uk voucher. Click here to take part in the survey and have your say.
Terms and conditions apply
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