Trying to find a company who will help you answer the question ‘how do I get someone to buy my house for cash‘?
If so, you may be interested to hear that the Financial Services Authority is likely to implement new rules in 2013 designed to stop a resurgence in risky mortgage lending.
The regulator’s proposals intend to bring in “common sense” standards that will stop home buyers borrowing more than they can afford.
However, some flexibility is being allowed for existing customers who might have been stopped from remortgaging.
Lord Turner, chairman of the FSA, said: “While the excesses of the pre-crisis period have largely disappeared from the current market, it is important to ensure that better practice endures in future when memories of the crisis recede and the dangers of poor practice return.”
December 19, 2011 at 10:27 am | Uncategorized |
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