A leading organisation has praised the Financial Services Authority’s statement on the Mortgage Market Review feedback, those looking at real estate investment trusts (Reits) may be interested to disc
A leading organisation has praised the Financial Services Authority’s statement on the Mortgage Market Review feedback, those looking at real estate investment trusts (Reits) may be interested to discover.
Robert Sinclair, director of the Association of Mortgage Intermediaries, affirmed his organisation’s support for the regulator’s cautious approach.
He emphasised the importance of advice being available for consumers in order to improve the security of loans and to boost the benefits the customer receives from using these services.
Mr Sinclair added: “The industry appears united in ensuring that customers understand the impact of rolling up fees into a loan, rather than restricting this approach. This is a positive step forward.”
Bernard Clarke, spokesman for the Council of Mortgage Lenders, recently predicted that the sector would experience a slow start to 2010, as strong lending activity at the end of last year will suppress growth in the first few months of this one.
