Jump to content
House Price Crash Forum
Sign in to follow this  

The Government's Aspiration For Mortgage Lending

Recommended Posts

I recently received a reply to my petition on the Government to state their aspiration for mortgage lending, this is their response:

"In 2004 the Government extended the scope of Financial Services Authority (FSA) regulation to include first charge residential mortgages. The FSA’s regime requires firms to lend responsibly, satisfy themselves that borrowers have the ability to repay their mortgage, and ensure that borrowers have full information about the products they are considering purchasing.

On 22 February 2009, the Prime Minister announced that the Government had asked the FSA to consider controls on mortgages of more than 100 per cent of a home’s value. In the Turner Review, published on 18 March, the FSA announced its intention to publish a paper in autumn of this year on mortgage market reform. The Government will take the findings of the FSA’s work into account in its forward work on regulation."

So this isn't an answer, let's face it they sold us out and are taxes will keep the housing market afloat. No HPC from what I can see.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.