The Times - What you need to know about MMR
Mortgage lenders are asking ever-more searching questions about your expenditure, so make sure you are prepared.
Are you part of the “sandwiched generation”, taking care of your offspring and your elderly parents? Costs associated with helping older family members in care homes will also be taken into consideration.
Aaron Strutt of Trinity Financial, told The Times: “Applicants are asked to declare any costs for dependents, but this isn’t simply limited to children. Care costs apply here too.”
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