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

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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.