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Urge Lenders to Consider Timely Rent Payments as Enough Mortgage Requirement

The Goal. Urge lenders to let borrowers with sufficient proof of rent payments qualify for a mortgage.

The Problem. Bank statements, list of debts and assets, credit reports, the list goes on. There are just too many requirements needed in applying for a mortgage. If you’re in the UK and are planning securing a mortgage, this is nothing new.

A majority of lenders do consider rent payments as adequate proof that someone can comply with mortgage rules. Right now, rent prices can equal, or even exceed the price of a mortgage. So, it is only logical that people who are able ... continue »


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