European Union agree tighter guidelines for mortgage lenders

European Union agree tighter guidelines for mortgage lendersThe European Union (EU) has agreed to a tighter set of guidelines for mortgage lenders, which after April 2014 will see borrowers having to pass a standard affordability assessment to get a mortgage. Whilst the new directive is designed to prevent a repeat of the runaway lending seen before the credit crunch, it will also contain provisions to make it easier for potential borrowers to shop around the mortgage market, to get the best deal....