The U.K.’s Financial Services Authority is considering whether to include bridging and other forms of short-term lending in future mortgage regulation. Currently, those types of lending are regulated by the Office of Fair Trading, but will fall to the FSA beginning next year. The FSA met last week with the Association of Short Term Lenders, whose ceo, Adrian Bloomfield, said the agency expressed concern that it did not want to “substantially damage” the sector through overregulation.
