New mortgages fall as fca warns against interest-only loans

New mortgages fall as fca warns against interest-only loans
New mortgages fall as fca warns against interest-only loans
This comes as figures reported earlier in January showed that banks were clamping down on unsecured lending. Data revealed an increasing number of credit card applications were being rejected in the final three months of 2017. The increase in the growth of unsecured consumer credit will be unwelcome news for policymakers at the Bank, including Governor Mark Carney. Mr Carney warned in September that unsecured lending was a “pocket of risk” that could leave high street lenders vulnerable to econo…

New mortgages fall as fca warns against interest-only loans