An affordability check that looks at whether the borrower could still afford the loan if interest rates rose, formally part of lender underwriting.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
An affordability check that looks at whether the borrower could still afford the loan if interest rates rose, formally part of lender underwriting.