From Andy Schleider
I read with interest and agree with most of Nick Walker's letter in your August 2 issue. The only thing I ask him to do is to look at the mortgage application for The Mortgage Works (previously Sun Bank, now part of Portman). It has a non-status offering and an affordability declaration clients sign to state that they have sufficient income to meet mortgage repayments.
There is also a section that the broker signs to confirm that affordability has been discussed and that the broker is satisfied with the ability to repay. Spooky, eh?
Armchair Finance UK