Monday 6 December 2010

PROPERTY FINANCE: Need a mortgage? Don't join the gym | Mail Online

PROPERTY FINANCE: Need a mortgage? Don't join the gym | Mail Online

Hoping to finally get on the housing ladder next year? Then watch out how much you spend in the run-up to Christmas and don't join a new gym in January - because your lender might have to take both into account when it decides whether to offer you a mortgage.

Tough new lending rules are under discussion that may force banks to examine potential customers' financial affairs in far more detail than they do now.

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