FSA mortgage remit could be extended

Its consultation paper also includes plans to protect borrowers when lenders sell on mortgage books to third parties. Under the proposals, they will be protected by FSA regulations requiring fair treatment of customers. Exchequer secretary Sarah McCarthy-Fry says: "Since the onset of the global financial crisis, the Government has worked hard to ensure mortgage borrowers are treated fairly by their banks. Our focus has been to do all we can to make sure people can stay in their homes and to limit repossessions as much as possible. "But we are aware that this crisis has raised issues a...