The FCA's interim mortgage market report has uncovered "little evidence" providers' commercial arrangements lead to poor consumer outcomes although it did identify "a significant impediment" to shopping around.
In its interim report into the mortgage market, published this morning, the Financial Conduct Authority (FCA) therefore called for more innovation to help consumers find the best mortgage deal. The regulator did acknowledge, however, that competition in the mortgage market was working well for many people. In a statement, the FCA said it had identified a number of ways in which the market could work better for some people. "The proposals are particularly aimed at helping customers find the best-priced, suitable mortgage deal," it added. "The FCA also wants to help longstanding borrowers ...
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