Tighter restrictions on subprime mortgage lending being proposed in the U.S. are unlikely to appear in the U.K., reports MortgageSolutions.com. “There are a number of differences between our market and that of the U.S., especially with regard to products on offer and the regulations in place,” said Alex Hammond, public relations manager of Kensington Mortgages. “We have a stricter framework for lenders to operate in.”
Tighter Subprime Regs Unlikely In U.K.