Remortgage Affordability checks

Bennwaa

I seem to recall reading that affordability checks are due to be dropped by lenders in August. I’m due to remortgage soon. I’m I correct in believing this? And if so what checks do they now run. Thanks 

[Deleted User]

Affordability checks will always be run on a mortgage or remortgage. It's a fundamental part of lending. You may be confusing it with proper changes to the stress test.

It's only when moving products with the same lender that they may not be run.

K_S

@bennwaa Affordability assessments aren't going away. For details of what the recent changes in stress tests may mean for borrowers, please see this thread 
https://forums.moneysavingexpert.com/discussion/6372894/lenders-will-no-longer-have-to-apply-an-affordability-assessment-to-their-mortgage-customers