Property owners investigating how best to go about selling houses quickly may be interested to hear that tighter property market regulations from the Financial Services Authority will benefit mortgage customers.
That is according to the Association of Mortgage Intermediaries, which suggested it is glad the regulator has taken steps to prevent borrowers taking on more debt than they can afford to repay.
AMI director Robert Sinclair said one of the planks of the proposals, which involves making mortgage advice a requirement for all interactive sales unless the customer rejects the offer of advice, will offer “significant benefits” for consumers.
He added: “Buying a house is a substantial financial undertaking, and we have long argued that providing consumers with expert advice is a process that cannot be left to chance. The MMR’s proposals will ensure many more consumers are given the support and guidance they need to make better and more informed decisions.”
December 19, 2011 at 12:04 pm | Uncategorized |
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