The Mortgage Market Review

The Mortgage Market Review (MMR) was a comprehensive review of the mortgage market, which started with a Discussion Paper in 2009 and culminated in a Policy Statement and final rules in October 2012. It was designed to ensure that the property and mortgage crisis of 2007 would not happen again. It set out the case for reforming the mortgage market to ensure it is sustainable and works better for consumers. It had become clear by the height of the market in 2007, that, while the mortgage market had worked well for many people, it had been a cause of severe hardship for others. The MMR package of reforms is aimed at ensuring the continued access to mortgages for the great majority of customers who can afford it, while preventing a return to the poor practices that we saw in the past.

With the implementation of MMR due on 26th April 2014, the majority of Lenders have been making their lending criteria changes over the past 18 months in anticipation of this date. We would strongly recommend that anyone looking to buy a new property or who have a current mortgage deal due to expire shortly start to collect together all of the information that the Lenders will now be asking for.

To ensure a smooth and efficient application process you would need to bring to your initial meeting:
1)      Your Passport
2)      Your last 3 months Bank Statements

For Employed Applicants:
3)      Your last 3 payslips
4)      Your latest P60

For Self-Employed Applicants:
5)      Your last 3 years SA302 Inland Revenue Certificates ordered from HMRC (Tel: 0845 900 0444)
6)      Your last 3 years Signed Accounts



Please feel free to contact David Arstall with
regards to any aspect of mortgages or the
house buying process.
Call David directly on 01772 750055
or email:
Or if you would like us to give you a ring
please fill out the form to the right.


Read below what our clients have said about our service. If you would like to rate us or leave a testimonial please click here

We have used David for all of our mortgage reviews because he is incredibly professional, responsive and always finds us the best deal. On this occasion we had to move quickly to secure a house we wanted to buy and David turned it around within 24 hours which was amazing and the deal was fantastic! We cannot rate him highly enough and always recommend him to family and friends.

July 4, 2017
Kelly Singleton

As first time buyers, David was very helpful and went above and beyond to explain the whole process. I felt very comfortable with him handling our mortgage and knew that if i had a question he was only a phone call away.
Thank you again

June 30, 2017
Anna Currie

After using David before we felt comfortable in receiving advice on our remortgage. Looking at all the possible lenders, David found us the most appropriate offer for our circumstance. He may be the most valuable person I have ever met!

January 16, 2017
Tom Leadbetter

David was extremely helpful in orchestrating our remortgage. We are thrilled about the savings that we’ll be making. I shall be recommending his services to a work colleague as they’re about to remortgage and I mentioned how great he’d been.

January 9, 2017
Lena Lindstrom

As a first time buyer, with no real knowledge of the house buying process, David’s knowledge and experience were incredibly helpful. He kept me regularly updated throughout the process, and was always willing to help with whatever query I had. I couldn’t recommend him highly enough.

November 1, 2016
Martin Cuerden - Haleys Accountants

David understood our financing requirements straight away and assembled a portfolio of financial services products which enabled us to quickly complete a complex project. An Excellent Service

October 21, 2016
Andrew Dewhurst, Director Affilius Ltd

David Arstall provided us with a faultless service from start to finish. When we need to revisit mortgages again, David will be the only person we would consider dealing with.

October 10, 2016
Kelly Warren

We have used Bailey Financial Services a number of times now and they have always found the best mortgage deal for us. They always deal with us in a very professional manor and if we ever have any queries are just a phone call away.

June 30, 2016
Jamie Wilton

I highly recommend Bailey financial services. They have always acted in a professional and efficient way when dealing with our mortgage concerns. They are extremely helpful and create a friendly environment.

May 14, 2016
Louise Counsell

David’s service is first rate, he steered us through a tricky situation with Virgin Money with excellent guidance and support. The service provided by the Bailey Financial Services team is second to none. There is nobody better to guide you through the complicated mortgage market.

April 15, 2016
John Chesworth - MD, Harrison Drury

I can’t speak more highly of the service provided by Bailey Financial Services. The customer service was excellent from start to finish and they took all the worry and stress out of my re-mortgaging process, in addition to getting me a fantastic deal.

March 2, 2016
Sam Houston - MD, Hungry Communications

I would like to thank Bailey Financial Services for the first class advice and help. My mortgage application and change of equity was not straightforward. Your impartial guidance and speedy service saved me time and money.

February 18, 2016
George Wilson

The service provided from David and his team was outstanding. Nothing is too much trouble for them. David guided us through the maze of options to find the best outcome for us. I cannot praise David and his team highly enough. We have no hesitation in recommending them.


January 21, 2016
Antonia Love - Farleys Solicitors

Not only was David Arstall’s knowledge of the mortgage market extensive he tailored it perfectly to meet my specific needs which were quite unique. I was updated regularly throughout the application process so was never in any doubt as to where things where up to. David showed real tenacity and persistence to overcome obscure queries from the lender to ensure the outcome was the right one for me and my family, we cannot thank him enough.

July 17, 2015
Stephen Kerrigan - Haleys Chartered Accountants

David’s knowledge and expertise of mortgages made this whole process seem a lot less daunting and much more enjoyable. I was so impressed that I recommended David to a friend who is also thinking of buying in London.

Thanks again David!

July 8, 2015
Chantelle Crabb

We found the approach by David to be first class. He got to know us and understood our needs before we started to talk about specific products. He made our mortgage application very straight forward and kept us up to date with progress. We feel confident that we got a great deal and would recommend the company to friends and family. The communication and follow up with regular updates was first class. A pleasure to deal with.

January 29, 2015
Richard Ball - Bespoke Cycles 2 U, Preston