Tighter rules could squeeze some out of mortgage m

[Bob]

The banks still do not seem to have learned their lesson and are resiting proposed FSA changes. They dislike the fact that new FSA rules will require borrowers to prove their income. Something that used to be standard practice. It is somewhat worrying that banks are disagreeing with this basic measure

The FSA is also warning banks about gving interest only mortgages. They want the banks to ensure they have taken steps to be able to pay off the mortgage.

Cleary the banks are still wooringly lax with the way they are lending money.