moneysupermarket.com: FSA's 'stay in control of your mortgage checklist'

Commenting on the launch of the FSA’s ‘stay in control of your mortgage checklist’ Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: "The FSA is to be applauded for trying to actively help people with their mortgage decisions.

“The advice boils down to common sense every borrower should be aware of and act on. In essence they should only take on debt they can afford in the first place, research their options thoroughly, and seek help if they start to struggle with repayments.

“However, if consumers are to be encouraged to take these crucial steps when arranging and maintaining their mortgage, it’s vital the industry supports them. It’s the responsibility of lenders and advisors alike to re-enforce these messages and ensure they continue to watch out for borrowers in what will undoubtedly be a painful year.”