Page last updated at 10:31 GMT, Monday, 19 October 2009 11:31 UK

Tougher rules for mortgage lenders

Rules on mortgages are to be tightened up by the Financial Services Authority.

The city watchdog wants to impose affordability tests on all home loans - and make lenders take greater responsibility.

The FSA had been asked by Gordon Brown to clamp down on the reckless lending practices that fuelled the housing bubble.

Mike Sergeant reports.


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