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I have sent an E-mail sent to the FSA :

fcc@fsa.gov.uk (contact address for Mortgage and insurance at the FSA)

Hello there.

I am interested to receive some information regarding the current mortgage trends.

I have been told by the Bank Of England that you would hold these statistics.

The most up to date figures that I have available to me show that 1/3rd of all new Mortgage lending is "Income None Verified" (I.e. Self Certified etc...) and that 1/5th of money outstanding against all current Mortgages is also "Income None Verified" (2004 figures)

and that First Time Buyers are making up only 1/8th of the current house Buying market.

The figures indicate to me that there may be an inconsistency between the amount being borrowed and the income of those borrowing it.

To that end I would like you to supply me with the average size of a First Time Buyer's mortgage

and the percentage of First Time Buyers whose lending was "Income Non Verified"

Thank you for your attention in this.

I am trying to ascertain if entering the market in its current position would be a financially astute move.

(My name)

I contacted them after I recieved this

I have been informed by a colleague that, as part of the new mortgage regulations, the FSA will be collecting individual transaction data on mortgages (ie a record of each mortgage application and the various ratios that were applied for/granted etc).

This may be more what you are looking for,



Monetary Statistics

Bank of England

Essentially, what is going on?

We have a right to know and who here would be interested in these figures?

and I am aware that entering the market now would not be an astute move.

and that perhaps the market is almost completly fraud now

Edited by apom

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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