Returning, to the previous mentions of the new fsa lending guidelines, has anyone here established how existing customers - that did abuse the lax standards at the time - will be treated, upon renewel?
Does an existing mortgage holder need to meet new criteria, upon renewal?
The ramifications of an environment of harsh treatment of such people, in such numbers as is prevelant, would surely be dire for the already limping market?
http://www.moneyweek.com/news-and-charts/e...shes-14671.aspx
As the above article points out, returning to three times salary is unworkable given current prices - without some major corrections. Also, there seems to be the potential for a pre 2010 implication rush?