UK mortgage lenders deny sub prime problems

Posted on August 14, 2007
Filed Under Sub prime |

IFAonline.co.uk reports that UK mortgage lenders including Kensington Mortgages and BM Solutions are citing ’structural differences’ between the US and UK housing markets as an indication that the American ’sub prime’ crisis will not find a mirror over the atlantic.

The article cites Ben Hammond from Kensington:

“The UK market is fundamentally different from the US in several ways,” he says.

“I think the main thing is that the FSA has done an excellent job in installing a sense of responsible lending and treating customers fairly within the mortgage market.”

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