Blackwell said “things haven’t changed that much” and that whilst MMR is still in its early days it has progressed as well as the regulator had anticipated.
She said: “It is still early days for MMR. We don’t expect to see much change in underwriting procedures.
“We were surprised to see the high level of media coverage the implementation generated. Things haven’t changed that much.”
Blackwell added that she believed the changes made by the implementation of MMR had been well received.
She said: “There is a general acceptance that responsible lending is just common sense.
“Checking expenditure before offering a mortgage is the sensible thing to do.”
Blackwell was talking at the Financial Services Expo in Manchester earlier today.