The mortgage industry faces a £9.4m bill following FSA proposals to regulate all individuals who advise on or sell mortgages, with annual costs of £1.6m.
Original post:
£9M cost of FSA individual registration on mortgages
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Strict new mortgage rules will make it harder for thousands to free up cash from their homes
Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
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Home loans for repairs
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
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Confident landlords gearing up
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
£9M cost of FSA individual registration on mortgages
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