Treasury proposes few changes in mortgage consultation document

Few, if any, amendments to existing legislation have been proposed in the Treasury's mortgage consultation exercise document published today. In fact, the document says that most of the issues raised by respondents are already dealt with by current legislation, or are the responsibility of the FSA, which must itself decide whether any action is necessary. The FSA is due to publish its own response to the Treasury's consultation on Monday, which means regulated advisers, mortgage providers and others will have to wait until then to see whether their businesses will be affected ...