[/FONT][FONT="][/FONT]While the regulations are not yet in place, regulated lenders are instructed to take account of the likely introduction of such a regime and to begin to adapt their lending practices already in anticipation of its introduction.
Well realistically it would not be best practise to try and process a flood of mortgages over the next few months in order to avoid the new regulations. We bankers tend to observe the spirit of the rules and would not want to be seen as trying to circumvent them