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Today is the day when some bloke called Turner who lunches at the FSA announces new proposals for rules governing banks.
Much discussed is the rumour that a cap on mortgage lending to individuals is to be introduced. A cap of 3 times being applied to income and a maximum 95% LTV.
If this is true I will also post on how the mortgage lenders intend to get around the new rules.
More here later.
Wednesday 18 March 2009
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1 comment:
This is like trying to cap an active volcano having first dropped a bomb into it. Labour crap.
remember Brown saying he wants a return to 2007 lending? Numpty of the highest order.
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