Council of Mortgage Lenders director general Michael Coogan called on housebuilders at the HMI conference to help oppose proposed Financial Services Agency rules which, he says, will further dry up mortgage lending. <br> <br> Coogan said that the FSA itself agreed that the proposed restrictions would rule out 17% of current mortgages. But CML’s study suggests that a massive 51% of current lending would be impossible under the new regime – a huge dent in an already reduced market. <br> <br> Under the new rules, said Coogan, 3.8 million home owners would be unable to get a mortgage but only 200,000 people would be saved from getting into financial difficulty. He stressed that the FSA had no remit to look after housing supply and that its proposed rules could significantly affect housebuilders. <br> <br> “Read the FSA proposals then I urge you to respond - write to the government, write to the FSA, write to the HBF to get your views heard.”<br> <br>