Neil Soundy

New legislation brought into force on 26th April 2014 introduces many changes to the world of mortgage advice. Whether you live in Cardiff or in the UK, you'll be affected in some way. The Financial Conduct Authority have instigated these changes - via the Mortgage Market Review - to ensure people obtain mortgages more responsibly.

Well, the new rules mean that all lenders will have to ask more questions and stress test your affordability before they can authorise your mortgage. In some cases clients will not meet the new criteria. Many lenders haven't geared up fully for the changes and will probably struggle to cope with the increased burden of work, resulting in long delays and lost purchases.

Having advice from a Trusted Mortgage Broker is now more important than ever to guide and advise you through what is becoming a more complex process. Our client reviews give independent views of our company.