This week’s top contribution is from Max75 for his response to the article: Lynda Blackwell on mortgage market competition: ‘Break the surface and things don’t seem so rosy’.
He said that regulation by its nature brings in restriction.
He added: “The Financial Conduct Authority (FCA) and HMRC have skewed the mortgage market place with multiple changes over the last two-three years.
“The trouble with quick multiple changes is that no time is given to actually interpret how the individual changes have impacted lending, demand or the market.
“Smaller lenders do not have the capacity to administer large volumes of mortgages and often don’t want unlimited lending due to financing limitations.
“The big six have the ability to raise the finance and administer the volumes, although some have proved this to be a fallacy recently.
“What we don’t want is more HMRC and regulator intervention to have more negative impact on the demand or market place.”