Mortgage applicants are being asked astonishingly intrusive questions including whether they play golf or eat steak, it emerged last night. They are being quizzed over the price of their haircuts, their plans for more children and their hopes of a pay rise. Lasting up to three hours, the questions are supposed to prevent a return to the reckless lending behind the financial meltdown of 2008. Full story >>
A mortgage (pronounced mor-gidge) is a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments. • On my present salary I can't get a mortgage.