The Mortgage Market Review
Published / Last Updated on 29/04/2014
The Mortgage Market Review (MMR) has started, this new system means before securing a mortgage a review must be undertaken to see if you can afford the mortgage in different circumstances.MMR will now require a review of:• What your regular income is.• What your regular expenses are.• What is your basic standard of living.• Stress testing.• If circumstances change.
