FSA Annouce mortgage affordability test plan
The FSA, in its mortgage market review, today outlined a series of proposals for increasing regulation in the mortgage market including mortgage affordability tests.
Borrowers face a Mortgage affordability test from lenders amid plans by the Financial Services Authority (FSA) to step up the regulation of home loans.
Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes.
Read More at http://news.bbc.co.uk/1/hi/business/8313853.stm
If you have Mortgage Arrears and dont know where to turn, Contact Ashley Longmann Associates today on 01291 641774 or request a callback
Borrowers face a Mortgage affordability test from lenders amid plans by the Financial Services Authority (FSA) to step up the regulation of home loans.
Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes.
Read More at http://news.bbc.co.uk/1/hi/business/8313853.stm
If you have Mortgage Arrears and dont know where to turn, Contact Ashley Longmann Associates today on 01291 641774 or request a callback
Labels: Debt Management, Getting a mortgage, Mortgages
posted by Lisa at
2:58 AM
3 Comments:
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