MMR: Responsible lending plans 'step into abyss'-IMLA

Peter Williams, executive chairman of the Intermediary Mortgage Lenders Association (IMLA), says the mortgage market is not perfect but the proposals will present obstacles to consumers like barriers to entry and greater cost. "The question we have to ask is whether the FSA has gone too far, or at least not done enough to understand the impact of its proposals before airing them? Moreover, it has done nothing to address the big question today regarding the lack of mortgage finance," says Williams. He adds the market it plans to bequeath to us seems some considerable distance from mee...