HM Treasury

Consultations & legislation

Mortgage regulation: a consultation

26 March 2010

Following a consultation on mortgage regulation, the Government announced on 26 March that it has decided to:

The Government intends to proceed with legislation to implement the proposal on second charge mortgages, subject to Parliamentary approval. The commencement date of legislation will be suitably aligned with changes to the regulation of first charge mortgages arising from the FSA’s “Mortgage Market Review”. The Government will also publish revised proposals on the other two measures later this year.

The Government launched the initial consultation on 25 November 2009. It set out proposals to:

The consultation closed on 15 February 2010. All responses were carefully considered before next steps were determined. The Government is very grateful for respondents’ contributions to the consultation process.

The consultation document and summary of responses is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

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