Sesame launches affordability paper to protect brokers

Sesame says it is concerned mortgage advisers might be left to carry responsibility for consumers that are no longer able to afford their repayments as a result of turbulence in the mortgage market. As a result of rising complaints, Sesame has published a white paper to stimulate debate and to help mortgage brokers protect themselves. Sesame says its white paper, entitled ‘Who is responsible if borrowers take on mortgages they can’t afford?’ will examine the perspectives of advisers, lenders, regulators and consumers. The paper looks at how mortgage advisers can reconcile their duty to a...