Understanding How the New Interim Affordability Check Code Will Operate in Practice

Here is how it will work in practice. The thresholds will be reduced for 18-24 year-olds to £2,500 in a rolling month. This may include an estimate of a customer’s income or wealth, as set out in the code. However, none of the actions at these spending thresholds require customers to produce personal financial documents. Customer winnings can be considered […]