Standard of mortgage advice not improving - FSA

It says there remains a risk that, when the market improves, there will be an upsurge in unaffordable and unsustainable mortgages being sold. In its Financial Risk Outlook 2009 report, the regulator highlights there were now few non-conforming or specialist mortgage products being sold by intermediaries. "In these areas in particular, but also in the wider market, we have previously had significant concerns about the quality of advice, which has often resulted in consumers entering into potentially unaffordable mortgages," it states. "Too many firms failed to adequately establish cons...