Michael Coogan

Surprisingly, Council of Mortgage Lenders Talking about House Prize Fall

Surprisingly, this time Council of Mortgage Lenders has appeared talking about the fall in house prizes.

A warning has been issued by CML that if regulators will restrict mortgage lending, house prices will plunge.

The Chairman of the Financial Services Authority, Lord Turner has notified in his speech at the Mansion House that in order to put off careless lending, the new banking regulation would entail the power to contain loans to the original value.

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