12 December 2019
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The regulator confirmed its supervision team was investigating into equity release and mortgage lending to older borrowers as they could have been given incorrect advice.
The Financial Conduct Authority (FCA) is undertaking "exploratory work” to understand equity release and later life mortgage lending over fears improper advice may have been given to older clients.
PA understands the regulator's supervision team is investigating the equity release sector and mortgage lending to older borrowers as it fears they could have been given incorrect advice. This is Money...
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