In a bid to improve the UK's mortgage sector, the Treasury has revealed new proposals which could offer more support to the country's borrowers.
The measures would see second charge mortgages and buy-to-let products covered by Financial Services Authority regulations.
Sarah McCarthy-Fry, Exchequer secretary, has emphasised the importance of mortgage regulation.
She said: "We are determined to reform the system for the future, to offer both stronger protection for consumers and greater stability in the housing market."
As part of the Treasury's plans, further protection would also be offered to people if their mortgages were sold on to other organisations by their lender.
Meanwhile, homeowners looking to avoid credit card debts by saving money may be keen to note that Consumer Focus recently suggested that the energy bills homeowners receive should be investigated.
It believes that the Competition Commission should assess whether householders are getting fair deals when it comes to their bills.
