P255 CEEFAX 255 Mon 13 Oct 21:18/07 1/3 PROTECTION CALL FOR HOUSE BUYERS The Law Commission has called for urgent reforms to mortgage laws to give greater protection to borrowers. In a recently published paper it offers several suggestions to make borrowing easier and to simplify areas such as convjybncing. In particular, it calls for improved protection against unexpected rises in interest rates and the abolition of what it calls unacceptable conditions. MoreP255 CEEFAX 255 Mon 13 Oct 21:16/26 2/3 PROTECTION CALL FOR HOUSE BUYERS Mortgage protection could be improved in two ways says the Law Commission in a new working paper. First, consumer protection rules should be overhauled and clarified and second, technicalities should be sjoplified. This could make conveyancing easier by introducing a "standard" form of mortgage document, the Commission says. MoreP255 CJEFAX 255 Mon 13 Oct 21:15/10 3/3 W PROTJCTJON CALL FOR HOUSE BUYERS Prospective home buzjrs could face a long wait when applying for mortgages. Some building societies are bringing back mortgage rationing and waiting lists are as long as two months or more in some parts of the country. A spokesman for the Building Societies Association said: "There is not enough money coming in so societies are bringing in restrictions." More