Lender bodies have voiced widespread concerns over the FSA’s consultation on mortgage distribution and disclosure (CP10/28).

IMLA, the intermediary trade body, wants more clarity in areas such as affordability and appropriateness.

Peter Williams, IMLA executive director, said: “We are in agreement with many of the proposals set out in CP10/28 but the areas where we believe there is most scope for discussion are around ensuring clarity as to what precisely is expected by the relevant parties so as to avoid confusion and uncertainty. We need to see and discuss a fully integrated set of policy and rules drawn from across the different CPs before this is fully finalised.