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I&E forms have been 'used' for decades across various lending products..and always statistically dismissed.

Honourable, but incorrect. For example, who is going to uncover a stated monthly clothing expenditure of £200, when the average is say £100, when that person actually spends £300pm over a year? Conversely I&E forms also give a misleading picture AGAINST the borrower. They do not take into...

Give it a month or two and ways around the expenditure criteria will be exploited. Whenever this amateurish, ill founded, inexact and incompetent measure is used to 'improve' any lending decision a few years down the line it is found to have been manipulated and has added no value to the...