Mortgage Market Review 'will not hinder access for FTBs'
www.moneynews.co.uk > Mortgages > Mortgage Market Review 'will not hinder access for FTBs'
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Mortgage Market Review 'will not hinder access for FTBs'
Tue 20th Dec 2011
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Catherine Hearnden, director at MyMortgageDirect, said it is a positive step for the market if it means that more people are getting the mortgage deal that is right for them and their financial situation.
She commented: "I haven't got a problem with them wanting to put rules and regulations in place; I have more problems with the number of opt-outs which they allow, which actually mean that people just get around it."
According to the recently announced Mortgage Market Review by the Financial Services Authority, the regulator is intent on preventing a recurrence of the irresponsible lending which resulted in some borrowers taking on mortgages that only seemed affordable on the assumption that house prices would always rise.
Click here for more mortgages news
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