Wednesday, January 12, 2011
Shappsy goes native
"The Housing Minister will today step up the pressure on the City watchdog not to impose tough new mortgage rules which could make it harder for first-time buyers to get on to the property ladder. Grant Shapps is due to meet the head of the Financial Services Authority, Hector Sants, for an update on the regulator's controversial mortgage market review. The proposed new rules are causing concern among lenders, housebuilders and first-time buyers as it is feared they could make it even more difficult for people to get a mortgage if they are implemented in their current form."