Following an announcement by Chancellor George Osborne last month, the Government has today confirmed that the Financial Policy Committee (FPC) should be operational by autumn.
In his Mansion House speech last month, Mr Osborne said the Government was launching the FPC in order to regulate financial...
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Finance
on 07-26-2010
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Proposed new rules on mortgage lending from the Financial Services Authority (FSA) have received broad comment.
The regulator claims that almost half of new mortgages approved between 2007 and the first quarter of 2010 were provided without verification of income.
It therefore wants to impose affordability...
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Finance
on 07-15-2010
Filed under: All Financial News, Mortgage News, Financial Services Authority, FSA, mortgage lending, interest only, self-employed, new rules, self-certification mortgages, indemnity insurance, Adam Challis, high LTV mortgages, Hamptons International
Posted to
Finance
on 07-13-2010
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Three-quarters of mortgage holders don’t know how an interest rate rise of 1% would affect their monthly outgoings, according to new research from the Consumer Financial Education Body (CFEB).
The study also found that over half of home owners questioned expect rates to change in the next nine months...
Posted to
Finance
on 07-07-2010
Filed under: All Financial News, interest rates, Mortgage News, help, research, mortgage, Financial Services Authority, advice, campaign, Consumer Financial Education Body, CFEB, stay on top of your mortgage, payments increase