Just last week we told you that one of the Mortgage Insurer’s had relaxed their policy on overtime and that it wouldn’t be long before lenders followed suit.

Well here we are now with news that the first of the big lenders has announced that as of 10 July 2010, they will take into account 100% of overtime when working out how much a person can borrow.

This is particularly useful for those industries that operate on reasonably low wages but have generous overtime provisions.

• Offset Accounts
• How good is a pre-approval?
• Savings Ratio has dropped to 3 year low
• Big changes taking place
• Easing of Lending Policies
• Finance for smaller units
• Every Little Bit Counts
• Benchmark Rates decreasing
• Redraw Facility Explained
• Age is not always a barrier!

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