New rules Will Make it Harder to get a Mortgage

The video discusses the challenges faced by individuals seeking mortgages, highlighting the increased scrutiny and paperwork involved. It explains the new rules that require banks to examine personal expenses more closely, impacting potential homebuyers. The video also explores the effects of these changes on the housing market, particularly in Bristol, and provides historical context for the reforms, questioning their necessity.

What challenges did Maggie Weston face when applying for a mortgage?

How have the new rules affected the mortgage application process?

In what ways might the changes to the mortgage market impact first-time buyers?

What is the significance of the £32,000 deposit mentioned in the text?

What concerns were raised regarding the mortgage market reforms?