Understanding the Mortgage Market Review

​After the 2008 financial crisis, the Financial Conduct Authority (FCA) undertook a review of the mortgage market.  This resulted in the introduction of affordability criteria, which came into effect in 2014. 

Since then, mortgage lenders have been obliged to stop using broad-based criteria such as multiples of income to decide whether or not a potential borrower could afford a mortgage.  Instead, they are mandated to look in detail at a person’s specific circumstances.

This means that borrowers should be prepared to be asked for detailed information on their income and outgoings and how these might be expected to change in the future.  The bad news is that this can require potential borrowers to put together a lot of paperwork.  The good news is that this process can help to reduce the likelihood that people will take on more mortgage than they can really afford.

mortgage advice blackpool

A mortgage is likely to be the single largest financial commitment you ever make. There’s a wide range of mortgage products out there, with varying interest rates and repayment options available.
Read More


It’s important to plan ahead for your retirement. Here, we explain why pension planning is so important, and describe some of the options available to you. This information is intended only as guidance. For advice on your specific circumstances, please get in touch.
Read More

It’s important to ensure you put the right insurance in place to protect your home, it’s contents and your overall financial security.
Read More

Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Read More


Investing money needs careful consideration and you need to be absolutely sure of the risks involved. This section provides generic information on different types of saving & investment. You should seek advice appropriate to your specific circumstances prior to making any decisions.
Read More