AMI voices fears over mortgage product regulation

In it's latest paper, Better Regulation for the Mortgage Market, the AMI says product regulation risks strangling innovation and competition. Rober Sinclair, director of AMI, says prescriptive loan-to-value controls will prevent vulnerable consumers from moving to more affordable mortgage deals when they seek to remortgage. AMI is also concerned high profile failures in other countries and sectors will force the FSA to act. Sinclair adds: "It is essential that regulatory interventions are both well timed and reflect a full understanding of their long-term impact on the market. "...