This is assuming that the regulator actually did something constructive in the 1st place. The FSA may make mortgage lenders produce a key features document but neither they nor their cohorts the FOS will enforce the rules as they're in the pockets of the industry.

John Thomas, London,

'The risk is taken by the lender' ? ... Try telling someone who has been thrown out of his home that. What is needed is more regulation to protect people from taking on these huge loans. Everyone should have to find a substantial deposit and should only be allowed to borrow a maximum of a fixed ratio of earnings, that ratio should be fixed to the anticipated security of their employment. That would stop rocketing house prices, liar loans and the current crisis. When will our leaders learn that some people need protecting from themselves and that would also protect everyone else. The drive for people to 'get on the property ladder' is so great in a strongly rising market that it is clouding many people's judgement. Incredibly these rising house prices have driven economic growth to a great extent, so great that any steep downturn now in prices would probably trigger a recession and the disaster of rising unemployment and sinking asset prices everywhere. Armagedon is coming.

Diddly Do, Liverpool,

This does seem like madness
and incredibly badly timed madness with the american sub prime fiasco thats unfolding right this week.
The proposed logic for deregulation is said to be that risk is taken by the borrower not the lender, however as people seem to be talking about the possibility of a global recession as a result of irresponsible lending clearly this behaviour has a negative on everyone.
To propose an economic strategy for the British economy the same week that has it just spectacularly failed across the atlantic would be political suicide.
I hope cameron stays well away from this as I think his attempts to shift to the centre are beneficial for British politics

Chris, lisbon, portugal