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Read the application, Nick

From Andy Schleider

I read with interest and agree with most of Nick Walker&#39s 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?

Andy Schleider

Armchair Finance UK


By email


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