11 firms apply for lending authorisation in one year
Eleven firms have applied to the Financial Services Authority for authorisation to carry out mortgage lending in the past 12 months, according to research by industry magazine Mortgage Strategy.
A freedom of information request submitted by Strategy found that the FSA has granted five permissions in 2011 for mortgage lending and eight between April 20 2010 and April 20 2011. Of those, one application was made between January, 2011 and April 20 2011.
May 20, 2010
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