Tighter rules for mortgage lending agreed by EU

New rules will mean that borrowers across the European Union (EU) will be refused a mortgage if they fail a standard affordability assessment. The European Commission said its new mortgages directive would prevent any repeat of reckless home loan lending of the past. via Pocket http://www.bbc.co.uk/news/business-22267116#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa