FCA report calls for greater innovation in mortgage market

‘Significant impediment’ to shopping around

“For many, the market is working well with high levels of consumer engagement. However, we believe things could work better with more innovative tools to help consumers" FCA's Christopher Woolard
“For many, the market is working well with high levels of consumer engagement. However, we believe things could work better with more innovative tools to help consumers" FCA's Christopher Woolard
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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...

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