Sunday, September 6, 2009

More downward pressure on residential house prices if these proposals go live

Building societies fear new rules

Building societies say planned new regulation will make it difficult for them to compete with banks. Proposals from the Financial Services Authority, the City watchdog, include plans to limit riskier types of lending by building societies. These could include high loan-to-value mortgages for borrowers with small deposits and buy-to-let mortgages.

Posted by jack c @ 07:49 PM (729 views)
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2 thoughts on “More downward pressure on residential house prices if these proposals go live

  • If the FSA are going to impose stricter rules then it should include the banks, they are the ones we have had to bail out.

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  • mark wadsworth says:

    … which is why it’ll never happen. They should look at the other side as well, i.e. the funding side, and go back to the old days when BS’s weren’t allowed to raise money by issuing repayable bonds (I’m assuming that PIBSs are permanent capital).

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