CML blog: MMR cannot be rushed

This paper focuses on the future of advised and non-advised sales, with the FSA suggesting a single approach in relation to both processes that will restrict flexibility and consumer choice. We understand that all consumers are different, with some requiring more protection than others depending on their financial capability and personal circumstances. However, if these rules are implemented, it will lead to all mortgages being sold on an advised basis in all but name. This is likely to lead to a decreased perception of responsibility for borrowers as the mortgage sales process is fur...