Financial Times FT.com

Subprime fall-out

Mortgage lenders warned by UK watchdog

By Peter Thal Larsen, Jennifer Hughes and Gillian Tett in London and Ben White in New York

Published: December 4 2007 17:06 | Last updated: December 5 2007 08:25

Mortgage lenders were warned by the City watchdog on Tuesday to batten down the hatches and brace for “very difficult” market conditions next year as at least 1.4m homeowners face a sharp jump in loan repayments.

Have your say

Forum: Is the FSA being overly gloomy? What are the prospects for the mortgage lending industry and house prices?

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this