The lender’s evaluation process examining whether borrowers can realistically maintain payments, considering income, committed expenditure, credit profile, and stress-tested affordability at a higher assumed interest rate.
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)
The lender’s evaluation process examining whether borrowers can realistically maintain payments, considering income, committed expenditure, credit profile, and stress-tested affordability at a higher assumed interest rate.