Govt wants FSA regulation of B2L and seconds

The Government is proposing the expansion of the FSA’s remit to include the regulation of buy-to-let and second-charge mortgages.
In addition, under the proposals borrowers whose mortgages are sold onto third parties will be protected by the FSA’s Treating Customers Fairly regulations.
Exchequer Secretary Sarah McCarthy-Fry said: “Since the onset of the global financial crisis