How could anyone argue against prudent lending of any kind, but particularly with mortgage applications, to stop the problems of the past by way of massive mortgage defaults by consumers who over extended their financial capability?  I suppose that there is only so much available funding and mortgagees, in the post credit crunch era, have been careful not to encourage applicants to take on more debt than is healthy but the Bank of England and the Treasury should monitor this closely to make sure that around the fringe there are no abuses of the system. Continue reading →