FSA turns down three out of five lenders

Jones, Lee
June 2009
Money Marketing;6/18/2009, p5
The article reports on the claims of the Financial Services Authority (FSA) that only two out of five mortgage lenders who applied for permission to lend have been successful in Great Britain. It states that FSA only gave permissions to lend to two bridging loan firms, Wey Bridging and SML Homes. According to the article, two of the other three firms withdrew their applications before the FSA has made the decision.


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