For every single loan, did the financial institution carry out reasonable and proportionate checks to meet it self that the possibility debtor will be in a position to repay the mortgage in a sustainable means? When they didn’t carry these checks out, would reasonable and proportionate checks have indicated that the borrowing has been paid back sustainably? Even though this info isn’t exhaustive, there are certain key regulations, guidelines and criteria that loan providers want to consider and that they and we’ll have to take account of whenever looking at complaints from their clients. Continue reading “For every single loan, did the financial institution carry out reasonable and proportionate checks to satisfy itself that…”