Shelter welcomes mortgage market review

25 October 2012

Photo of Campbell Robb

Shelter has welcomed new regulations designed to promote more responsible lending.

Responding to the Financial Services Authority’s Mortgage Market Review, Campbell Robb, Shelter’s Chief Executive (pictured) said:

‘These reforms are common-sense rules to ensure that people are buying homes they can truly afford in the long term – they are absolutely not about getting people to jump through unnecessary hoops to get a mortgage. 

‘We very much welcome the role this Review will play in protecting families from taking on debts that are simply not sustainable.’

‘At Shelter we know only too well the damage that reckless lending can cause and the lives that are ripped apart by the pain of repossession.’

‘The biggest barrier to home ownership in this country is not regulation of the mortgage market, but the sky-high cost of housing due to decades of under-investment in building new homes.’

Watch Shelter’s animated infographic explaining why we support responsible lending

Are you worried about mortgage arrears or repossession? Get advice here