SUBSCRIBERS
Britain's financial watchdog starts home loans competition review
Published Wed, Oct 7, 2015 · 09:50 PM
London
BRITAIN'S financial watchdog said on Wednesday that it has begun a review of the £1.3 trillion (S$2.8 trillion) mortgage market to see if there are areas where competition may not be working well or could be improved.
The regulator's action comes when the British government is facing pressure over a housing shortage in parts of the country and rising prices have put home ownership out of the reach of many people.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co