Childcare conundrum for mortgage applicants

Childcare conundrum for mortgage applicants
 

Mortgage seekers are asking family and friends to look after their children to reduce their outgoings while applying for a loan, a survey has suggested.
Childcare is among the costs considered by mortgage providers when deciding whether an applicant should be given a home loan.
Some families are temporarily cutting this cost, while others find they are offered a smaller loan, Uswitch claims.
The price comparison site said one in six had been rejected or given less.
It asked 1,000 parents with children aged 12 and under who had applied for a mortgage in the last 10 years in a survey.... read more

 
12 October 2016 in Business, Views: 32
Source: BBC
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