Mortgage lenders penalising couples with children - Telegraph

Mortgage lenders penalising couples with children - Telegraph

Mortgage lenders are penalising home owners with children by reducing the amount they can borrow. The crackdown could potentially prevent them from switching to cheaper deals when interest rates rise.

Many banks and building societies have tightened their affordability criteria in light of the Financial Services Authority's post-credit-crunch review of the mortgage market. But it has emerged that families with children are being hit hard.