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Mortgage Market Review: Policy Statement
Posted on: 25 October 2012
By: mackene
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Filed under: News
The Financial Services Authority has published a Policy Statement which summarises the feedback to its consultation on proposals for the mortgage market, and sets out the FSA’s final rules. This Policy Statement is aimed at lenders or other home finance provider; home finance administrators; firms that advises on or arrange mortgages or other home finance products; those who have a mortgage or other home finance product; or are planning to take one out. The new rules will come into effect on 26 April 2014. One measure will be activated immediately to help borrowers who might be trapped by today’s tighter lending criteria.
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