CML warns regulator of mortgage lending restriction proposals

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CML warns regulator of mortgage lending restriction proposals

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09-22-2010, 09:34 PM

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CML warns regulator of mortgage lending restriction proposals

The Council of Mortgage Lenders (CML) has warned that proposals by the Financial Services Authority (FSA), to encourage responsible lending, will cause house price falls. The City Watchdog has previously announced plans to restrict mortgage lending, in a bid to prevent reckless borrowing. The FSA has already proposed affordability tests for all mortgages to ensure [...]

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