Telegraph: Mortgage applicants face new checks on spending habits

"Homebuyers applying for mortgages will have to provide much more detailed information about their monthly spending habits under new rules to clamp down on reckless lending. (Today), the Financial Services Authority will tell lenders they must carry out in-depth examinations of households' disposable income before granting a mortgage". Lord Myners, the City minister, said in future, lenders will have to carry out a “meticulous analysis of the ability of the individual to repay the loan.” ......And later this month, the Government will announce new rules curbing the activities of credit card lenders!