British homeowners face higher mortgage costs
because Cameron government again surrendered
to the European Commission.
Posted
on April 22
Steven Woolfe, UKIP MEP for the North West and spokesman on
finance, said that British homeowners are today learning that they may be forced
to pay thousands more for their mortgages "because the Cameron government has
yet again capitulated to EU demands that more national control over regulation
be handed to Brussels.""In March next year EU regulators will tighten their grip on the UK mortgage market, forcing homeowners to take out more expensive loans. The Cameron government did not warn homeowners about this when they supported the Directive in Brussels. However, following press reports today, existing borrowers are now realising the EU will now force them to pass stricter affordability tests if they want to change lenders to take advantage of a cheaper mortgages rate."
