Mortgage lenders attacked over pensions penalty

Major lenders are moving away from their former emphasis on gross income when assessing customers' mortgage limits. This has lead some mortgage brokers to believe the traditional assessment methods for mortgages are unlikely to survive, the Daily Mail reports. "Mortgage providers are looking at what your disposable income is by checking what your outgoings are," says David Hollingworth of mortgage broker London & Country. "It is part of the move towards greater awareness of affordability for mortgage provision. The days of straightforward income multiples are gone." The FSA sa...