Clear guidance on mortgages is urgently needed says Vince Cable
Commenting on plans by the Financial Services Authority (FSA) to step up mortgage regulation, Vince Cable said "Some borrowers and lenders have already decided that the housing market has bottomed out and are now piling back in. With unemployment rising and massive uncertainty in the economy this is a very dangerous game to play which is why there needs to be clear guidance on the affordability of mortgages."