Head of the Financial Conduct Authority Martin Wheatley has criticised banks for their ‘disappointing' interpretation of new rules for mortgage lenders.
The Mortgage Market Review, which was designed to curb risky lending, forces banks to question customers' spending habits before offering a loan. But some banks were preventing homeowners from switching...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected