Lending Rules To Change And Provide Further Clarity for Lenders

Jun 15, 2022 10:54:37 AM

The changes to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) announced by the Government earlier in June 2022, are due to come into force from July 7, 2022, with amendments to how lenders are required to assess affordability and more clarity around investments and savings as outgoings.

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Topics: Mortgage Advisers, First Home Buyer, Responsible Lending