Monday 9 January 2012

Implications of the FSA Mortgage Changes for the Housing Market

The UK Housing Market

The changes to the market are unlikely to have much impact in the short term as currently mortgage lending criteria is pretty much sticking to similar rules as the FSA intend to impose.

The main impact will really take place when the economy and the market is likely to start recovering. Normally during a recovery, lending criteria will be relaxed a little as house prices start to rise rather than fall and lenders feel more secure in approving mortgage loans.

FIND OUT HERE what the implications are for you!

1 comment:

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