Potential home buyers will face longer interviews with lenders and more personal questions when they apply for a mortgage, under new rules being implemented today.
The industry wide changes will see lenders taking a stronger inerest in applicants' personal lives and spending habits to assess their ability to meet repayments.
Applicants will sit through interviews up to three hours long where they may be asked about their plans for parenthood and how they will spend old age.
They will also be required to provide more paperwork under the new Mortgage Market Review rules introduced by the City regulator the Financial Conduct Authority (FCA).
The FCAs new rules aim to ensure borrowers are not offered loans they cannot afford.
Martin Wheatley, chief executive of the FCA, said: "Since the crisis, lenders have been taking a far more sensible approach to mortgage lending, and the MMR is designed to ensure that this common-sense approach continues. We do not want to see mortgage lending return to the practices of the past where people were taking out mortgages they simply couldn’t afford.
"While for some borrowers the questions being asked may seem more detailed, they should feel confident that practices which led to hardship and anxiety for consumers in the past will not be repeated."