Affordability - Financial Conduct Authority

Affordability

Published: 29/03/2013

Affordability is a crucial issue you must consider before recommending a mortgage.

You must assess, verify and demonstrate the mortgage is affordable for your customer over the repayment term.

The FCA is continuing to find that firms do not assess affordability well enough and must gather more information about customers' outgoings and their general expenditure.

Good and poor practice case studies

One-minute guides

holding-frame-flexi-promo.jpg

For a quick explanation of terms and references used on our site.

Read More