The mere mention of subprime mortgages can be a worry for many. The mortgage crisis of 2008 is still a fresh memory, when unregulated subprime mortgages were a big factor in the housing crash.
Today’s specialist mortgage market is much less risky and has way better regulation than before the crash. Gone are the flippant attitudes of the old subprime mortgage lenders.
The mortgage process is much more in-depth than before, and your affordability will always be thoroughly checked. That means lenders are way more responsible than they once were, and will only give you a mortgage if they’re certain you’ll be fine paying it back. That’s good for you, and good for them!