Charcol voices concern over "what is left out"

Excluding home reversion products, buy-to-let and business loans from the FSA's mortgage regulation remit will be to the detriment of consumers, say IFAs. Details of the FSA's mortgage consultation - CP146 - published yesterday suggest only products which tend to affect the individual's wealth will fall under the regulatory body's jurisdiction. Products such as home reversion loans are often considered alongside lifetime mortgages or equity release schemes, which have been given high risk status, yet they needed to be regulated too, says Ray Boulger, senior technical manager at C...