Financial Times - New mortgage rules 'penalise pension savers'
Borrowers applying for a mortgage could end up with a smaller loan because they contribute to a pension scheme or hold a life insurance policy, say brokers.
"It's an interesting scenario; the regulator is trying to stop homebuyers from overstretching themselves and borrowing more than they can afford, but house prices are still rising in parts of the country because of increasing demand," says Aaron Strutt of broker Trinity Financial.
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February 13, 2014
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