I really do not understand why the European Union believes there should be more regulation of the EU wide mortgage market. Given the diversity of the mortgage markets a one size fits all approach will probably end in tears for the UK given how important the mortgage market is to the UK economy. BASEL III has already made interest only mortgage lending much harder and the loan to value for interest only have been decreasing. I think there is a very high chance this will cause a fall in house prices as mortgages become more expensive and the criteria make it more exclusive. The longer the delays mentioned in the article http://www.moneymarketing.co.uk/mortgages/key-vote-of-european-mortgage-directive-delayed-again/1050276.article continue the better in my opinion.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
