Toughened mortgage rules outlined by FSA

FSA logo
FSA logo

Toughened mortgage lending rules to make sure borrowers can only take out deals they can afford and prevent any return to irresponsible lending have been outlined by the financial services regulator.


The shake-up, which comes into force in April 2014, is the result of a long-running review by the Financial Services Authority (FSA), aiming to put "common-sense" at the heart of the market.
%VIRTUAL-SkimlinksPromo%