FCA questions inducements in mortgage sector

The regulator said this situation could limit consumer advice and create an obstacle to lenders entering or expanding the market. It added that if commercial agreements created conflicts of interest, this could affect consumer choice and lead people to buying more expensive or unsuitable products. The FCA did acknowledge, however, that commercial agreements and panel arrangements may drive positive outcomes, enable a better or quicker service and reduce operational costs. "We are interested in better understanding the impact of inducements paid by lenders to brokers, by brokers to est...