MMR causing problems in the housing market
16 June, 2014
According to the property portal Rightmove, the new Mortgage Market Review (MMR) regulations are causing problems in the housing market.
They claim that ‘over zealous’ lenders are taking the new rules too literally and preventing many people from obtaining mortgages, something backed up by the Bank of England which reports that mortgage approvals have been falling over the past three months.
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