Jump to content
House Price Crash Forum

Fsa Mortgage Reforms


Recommended Posts

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.

Link to post
Share on other sites
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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 417 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%



×
×
  • Create New...

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.