Mortgage

Christian organisation welcomes tougher mortgage

Fri 25 Apr 2014
By Jan Kolasinski

Tougher rules which could see homebuyers mortgage applications rejected because of phone bills or gym memberships has been welcomed by a Christian mortgage company.

It follows the introduction by the Financial Conduct Authority of a more stringent application process, which comes into effect from this weekend.

Speaking to Des Busteed on Premier's News Hour - Director of Mortgages for Christians Philip Harris - said it was time lending was put under the microscope.

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