Why the MMR will not trouble good brokers

Many would find it hard to sympathize with mortgage lenders, but it’s easy to see why the FSA’s CP10/28 might not be much to their taste.

clock

Many would find it hard to sympathize with mortgage lenders, but it's easy to see why the FSA's CP10/28 might not be much to their taste.

The document issued last week presents a striking strategic vision for the UK mortgage market. Importantly for those of us involved in intermediated sales, it is very supportive of mortgage broking and rightly so. As an estate agency, mortgage broking and chartered surveying group, Kinleigh Folkard & Hayward is involved in the entire value chain of home buying up to the point of actual lending and our perspective is a holistic one. We feel we should give credit to the FSA where it is due and welcome the even handedness that it has brought to regulating distribution in this document. F...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read