First thoughts on the revised Mortgage Market Review

The FSA’s proposals to put a revised affordability test at the centre of the mortgage underwriting process will not dampen materially further the flow of mortgage credit from today’s subdued levels. But the affordability test should prevent underwriting standards from returning to mid-2000s levels. In light of this, the proposals are clearly a step in the right direction.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.