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Factsheet,
Contact:
simon rex,
Last updated:
21 October 2013

Further advice and information is available from the following organisations:   Money Advice Service Impartial information and a wide range of tools from the Money Advice Service Link to Money Advice Service   Financial Ombudsman Service The Financ...

Forbearance and Impairment Provisions FSA Guidance Consultation

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

The BSA welcomes the publication of the guidance consultation and its intention to provide assistance to firms, in relation to dealing with forbearance and ensuring adequate reporting and provisioning of impaired accounts. However, we have a number of concerns with the...

FSA Mortgage Market Review DP 09/3

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Summary of the Response 1. It is important that the Review recognises that in the context of the current financial crisis, the problems in the global and European and UK economies today are a result of liquidity and structural issues arising in global financial markets...

FSA Mortgage Market Review: Interest Only and Non deposit taking lenders

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Whilst sharing the FSA's overall concerns about the impact of borrowers not having adequate repayment strategies, the BSA argues against the need for regulation in the area of interest only mortgages. We strongly oppose any moves for lenders to take on responsibility f...

Mortgage Market Review: Arrears Consultation CP10/2

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

On 26 January 2010, the FSA published the first consultation paper from the Mortgage Market Review discussion paper relating to arrears and approved persons (CP 10/2). The deadline for responses to the CP was 30 April 2010. The CP contains two parts, the first on c...

Mortgage Market Review: Full package of reforms CP 11/31

Industry response,
Contact:
paul broadhead,
Last updated:
29 May 2012

Executive Summary Affordability assessment • We have consistently agreed with the principle that all mortgage applications should be assessed on the applicant's ability to repay the loan. Borrowers should be required to provide accurate and genuine information about...