IMLA brands BBC sub-prime exposé 'unduly sensationalist'

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The Intermediary Mortgage Lenders Association (IMLA) has branded a BBC Panorama investigation into mis-selling of sub-prime mortgages ‘unduly sensationalist' and ‘not representative of the market'.

The documentary, aired on 8 October, focused on three cases where people had been sold sub-prime mortgages they could not afford. Peter Williams, executive director of IMLA, says IMLA supports the FSA’s regulatory requirements and does not condone the mis-selling of mortgages, but says the documentary was not reflective of the sub-prime market in general. “We note that the programme was largely based on the cases of just three somewhat atypical customers and consider the content unduly sensationalist and not representative of the market as a whole," says Williams. The documentary critici...

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