FSA accused of mortgage market scaremongering

Newcastle’s lending expert, Steven Marks, says most major UK lenders are still looking to do new business and customers will still be able to access competitive deals in 2008. Earlier this week, Briault, managing director of retail markets at the FSA, warned 2008 would be a tough year for both lenders and borrowers and a lack of liquidity in credit markets was forcing up mortgage rates. However, Marks thinks the FSA is causing unnecessary alarm and says the market is in reasonably good shape, though times are more difficult than a year ago. He says: “From this week’s headlines, many peop...