The FSA this week moved to allay fears interest-only deals will disappear from the market, saying it remains a "sensible" option for some consumers.
Sheila Nicoll, director of the conduct policy division at the FSA, told delegates at the 2010 Mortgage Business Expo in London this week that its policy position on interest-only was not finalised despite market fears. She said: "Our proposals in the consultation paper were just that: 'green' proposals on how we should regulate interest-only lending moving forward - we have not made our mind up.Mortgage Market Review (MMR) "We have always acknowledged that interest only can be a sensible option for some consumers. "Our concerns centre around the cases where consumers had no visib...
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