Mortgage changes 'unlikely' to create unexpected impacts

The regulatory changes have already been widely anticipated and so are unlikely to create any significant additional or unexpected impacts.

– Paul Smee, director-general of the Council of Mortgage Lenders


Tougher rules on mortgages

Tougher mortgage rules to make sure borrowers can only take out deals they can afford have been outlined by the financial services regulator. The shake-up, which comes into force in April 2014, is the result of a long-running review by the FSA.