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&#39Business lending&#39 excluded from FSA regulation

The Treasury has excluded second charge loans, loans for properties outside the UK and buy-to-let from FSA regulation.



It will also exclude equity release home reversion schemes, which involve the sale of the property by the borrower to her person providing the finance. It says these are not financial services products, but sale and purchase arrangements made in relation to real property.

Mortgage-based equity release schemes are covered by FSA regulation.

 

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