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catmandu

Fsa Mortgage Reforms

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Are you putting the cart before the horse? I thought the FSA are being directed by government and it is the government that want to bring these changes in. Your poll seem to suggest the FSA are the instigators.

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I think the relentless bleating from the likes of Ray Boulger and Steve Coogan will have an effect, although I hope not. I hope the FSA see sense on this and keep to there plans. The future of the country is at risk.

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The FSA are expected to try to introduce wide-ranging changes to the mortgage market including max LTV

What do you think the eventual outcome will be?

Thanks to "Quiet Guy" on the home page, we already have our answer.. Linky

Interest-only borrowers, the self employed and first-time buyers without a chunky deposit or wealthy parents all stand to benefit after the Financial Services Authority climbed down over its plans to push through its controversial Mortgage Market Review reforms.

All the cynics are proved realists once again.

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But following an outcry from the FSA's own Consumer Panel to halt the proposals

erm, what the F*CK is that "consumer panel" doing there!!! AAAARRRRGGGGHHHHH :angry: Why would they put a gaggle of plebs in a position to tell the Financial Services Authority what to do. What the F*UCK is the point of the FSA if plebs can overrule them??? No that's it we're totally run by ******ing morons.

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mossmanFMOS_203x150.jpg

Thrilled: Nicola Mossman and Thomas Dunlea fought to get a mortgage

6NailHeadA.jpg

Delighted: Mark Dumphuc has finally filled his head with nails

Edited by athom

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Yep, a complete whitewash as expected.

Knew the FSA would chicken out, just as the attempt to stem bankers' salaries will be of limited short-term impact.

Was hoping for at least some sort of phased restrictions to be implemented but in the end the forces against responsible lending are too strong.

Looks like we're stuck again with a slow miserable and painful reduction in house prices.

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  • 149 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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