LAFRA is beginning to generate a lot of discussion in all parts of the industry, and support for it seems to be turning to opposition from what I am seeing. Some of the reasons are justified.
What is a foreign currency loan? The Mortgage Conduct of Business defines what this is in relation to mortgages. Let's take a look at what that may mean for you in relation to a mortgage.
I have written previously around the maximum age it is possible to have a mortgage. some lenders are more flexible than others but the Financial Ombudsman Service has published more information that is telling lenders to be flexible.