The EBA has published a consultation document on draft guidelines on the creditworthiness assessment under the Mortgage Credit Directive. The guidelines provide greater detail on how firms should give effect to the requirements of Article 18 and 20 (assessing creditworthiness and assessing consumer’s income and expenses).

The deadline for responses is 12 February 2015. It is believed that the final guidelines will be published during 2015 and will apply from 21 March 2016.