Fancying a smoke, a drink or three, a weekend shop, a chockie or two, or a night at the cinema could rule you out of getting a mortgage under tough new proposed rules in Britain from the country's financial regulator, the FSA.

The proposed new rules would also ban what's called "self certification" mortgages (they would be no doc or low doc loans here). Re-mortgaging a home (or refinancing an existing mortgage, would also become tougher). Lenders would become virtually responsible for their borrowers.