LENDING: FSA blocking would-be lenders from the market.

Mortgage Strategy | November 9, 2009 | Copyright

New entrants looking to lend in the UK have accused the Financial Services Authority of stopping them from getting ventures off the ground.

While chancellor Alistair Darling has told the House of Commons that greater banking competition is one of the government's main economic objectives, prospective providers have told Mortgage Strategy that the FSA is refusing to play ball.

A senior figure at one would-be lender, who wishes to remain anonymous, says: "The FSA is making it difficult for prospective lenders to enter the market. It is putting up an ...

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