Over the past week, there have been calls for the Financial Services Authority (FSA) to soften the proposals in its Mortgage Market Review (MMR). One critique came from Housing Minister Grant Shapps, who came out in support of promoting more lending for first-time buyers. He said the FSA should come up with proportionate rules and [...]
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Buy to let mortgages continued to recover in the third quarter, providing the only signs of dynamism in an otherwise stagnant mortgage market during the third quarter, according to figures released last Thursday by the Council of Mortgage Lenders (CML). Lenders approved 26,900 buy to let loans in the three months to the end of [...]
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