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MSE News: New mortgage rules: How do they affect you?

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Comments

  • amnblog
    amnblog Posts: 12,745 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Eating out and holidays are discretionary spending.

    If you have signed up for a TV package you are committed to it.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Does anyone have any examples of questions that will be asked? I am failing to see how they can fill 2 hours with affordability checks.
  • amnblog
    amnblog Posts: 12,745 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 1 February 2016 at 6:12PM
    They don't.


    98 minutes are them filling in their compliance boxes and trying to sell you other stuff.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Does anyone have any examples of questions that will be asked? I am failing to see how they can fill 2 hours with affordability checks.

    There's no possibility of you claiming you were mis-sold a product at a later date. PPI is a timely reminder of what happens when it all goes wrong.
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