Financial Services Authority

FSA endorses Synergy amalgamation

The amalgamation of four housing providers to create the new Synergy Housing Limited has been endorsed by the Financial Services Authority (FSA), completing the new organisation’s reorganization strategy it outlined in its ‘Blue Print For Change’.

Greater protections for mortgage borrowers

The protections enjoyed by UK mortgages borrowers are to be strengthened under new proposals published by the Treasury.

Increase in number of home repossessions

The number of repossessed homes increased by 68 per cent last year, according to new figures from the Financial Services Authority.

FSA warns mortgage companies to treat customers fairly

The Financial Services Authority (FSA) has written to the chief executives of all mortgage lenders, giving them until January 31, to ensure customers facing arrears are being treated fairly.