Monthly Archives: December 2011

Most Recent Changes to Mortgage Proposals

The direction of the proposals put forward by the FSA is that legislation will be put in place to prevent lenders from inaccurately judging the ability of borrowers to repay. The proposals will also ensure the right information and advice … Continue reading

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Changes to mortgage lending rules to be set out by FSA

New rules to prevent risky mortgage lending are to be imposed by the Financial Services Authority (FSA). This will require lenders to undertake much more scrutiny of a borrower’s finances seeking evidence. The revised proposals are a continuance of the … Continue reading

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