LEBC creates six-adviser team to tackle MMR influx

Professional Adviser | 22 Apr 2014 | 22:35

Financial services group LEBC is to create a dedicated mortgage advice team in light of the implementation of new rules following the Mortgage Market Review (MMR).

lebc-group
warning-sign

FCA warns MMR 'gamers' in echo of RDR threat

The Financial Conduct Authority (FCA) will be on the look out for "gaming activity" of any kind following the implementation of the Mortgage Market Review (MMR), with the falsification of income levels of particular interest, it warned.

Professional Adviser | 22 Apr 2014 | 22:21
smallhouses

Four things to tell clients about the new mortgage lending rules

New mortgage lending rules come into force at the end of the month. Here, Professional Adviser affiliate title, Your Money, assesses how they will affect existing and future homeowners...

Professional Adviser | 17 Apr 2014 | 17:35

Other Regulation articles

FSCS

Investment advisers hit with additional £7m FSCS levy bill

Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014-2015 after it cut its bill by £37m, but investment advisers face another hike in costs.

Professional Adviser | 15 Apr 2014 | 07:42
fees

Adviser masterclass: How to explain fees to clients

Rebecca Jones investigates how advisers can satisfy the regulator while keeping things as simple as possible when explaining fees and charges to clients...

Professional Adviser | 14 Apr 2014 | 15:24
david-reid

Mortgage broker jailed for six years after ‘disgusting’ £3.5m fraud

A mortgage broker has been jailed for six years after fraudulently obtaining almost £3.5m from clients in the North East.

IFAonline | 25 Mar 2014 | 07:38
fca-logo

FCA bans and fines mortgage broker over false info

The Financial Conduct Authority (FCA) has fined and banned a mortgage broker for failing to prevent false client information being submitted to lenders.

IFAonline | 13 Mar 2014 | 15:24
Keith Richards

Keith Richards: The little-known meeting that might just bring trust back

Is the financial services sector as disjointed as some suggest? Not according to PFS chief executive Keith Richards, who here explains why he believes a new initiative can result in greater trust among the public...

IFAonline | 11 Mar 2014 | 10:12
Martin Wheatley

FPC's stress test powers to be added to mortgage rules

The Financial Policy Committee's power to influence the interest rate stress test in an applicant's affordability assessment will be added to the mortgage rules following a consultation.

IFAonline | 07 Mar 2014 | 12:30
fca-logo

FCA challenges lenders over arrears and foreclosure practices

The Financial Conduct Authority (FCA) is challenging lenders to improve their arrears and foreclosure management following a thematic review which found several counts of bad practice at firms.

IFAonline | 25 Feb 2014 | 13:05
nottingham

Nottingham BS to offer whole-of-market mortgage advice in-branch

Nottingham Building Society is to offer whole-of-market mortgage and protection advice across its branch network.

IFAonline | 24 Feb 2014 | 15:43
mortgage-application

Yorkshire Building Society to refund £8.4m for arrears charging errors

Yorkshire Building Society Group is to refund all administration fees for mortgage arrears since January 2009 - totalling some £8.4m - after the Financial Conduct Authority (FCA) raised concerns about incorrect charges.

IFAonline | 17 Feb 2014 | 10:08
prestage-rebecca-tcc

Are you ready? Evaluating the Mortgage Market Review

As the April deadline for implementation of the Mortgage Market Review (MMR) looms large, Rebecca Prestage, head of policy at The Consulting Consortium, takes a look at some last minute assessments to consider

IFAonline | 06 Feb 2014 | 12:03
two businesspeople shaking hands

Ex-Perspective's Craddock among three named on FCA decisions panel

Peter Craddock, a director at the Association of Professional Financial Advisers (APFA), is among three new names on a Financial Conduct Authority (FCA) committee responsible for approving applications and issuing warning notices.

IFAonline | 14 Jan 2014 | 10:46
complaint

Which? awarded 'super-complainant' status

Consumer group Which? is among four organisations awarded ‘super-complainant' status by the government, meaning it has the power to present complaints to the Financial Conduct Authority (FCA), which must respond.

IFAonline | 19 Dec 2013 | 12:04
fca-logo

Number of FCA regulated firms set to soar in 2014

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

IFAonline | 17 Dec 2013 | 13:01
fca-logo

FCA scales back consumer credit application fees for small firms

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

IFAonline | 16 Dec 2013 | 15:31
propertymarket

CML: No evidence of housing boom

The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).

IFAonline | 10 Dec 2013 | 07:20
Runners

Everything you need to know about the Mortgage Market Review

As the regulator makes clear its expectations of adviser firms at this stage, Compliance First’s Janice Laing provides a handy guide to the upcoming Mortgage Market Review.

IFAonline | 05 Dec 2013 | 08:02
fsa-cutout-final

LTC, clean share classes and MMR: An overview of recent regulatory events

In his new regular column, the CII’s David Thomson provides an update on the key regulatory events of the past few weeks and takes a look at what can be expected next.

IFAonline | 28 Nov 2013 | 08:00

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