The Regulator listened…but missed an opportunity
After more than three years in the making, the Financial Services Authority has today published its Mortgage Market Review (MMR).
Whilst there have been some extremely contentious and scary proposals along the way, I believe the end result is proportionate and should be applauded.
A common sense approach…
The Policy Statement talks about putting “common sense at the …
FSA should stand firm over MMR
Until final rules are released later this year, it’s hard to determine the precise impact that the MMR will have on the broker market.
The critical issue is whether or not the FSA holds the line on the importance of advice and doesn’t buckle under pressure from the CML to water down the proposals.
Driving up standards, …
MMR: An early Christmas present for brokers?
The FSA issued its long-awaited Mortgage Market Review (MMR) this week.
Having taken a closer look, it seems the FSA has listened to our feedback, as well as that from The Association of Mortgage Intermediaries (AMI) and lenders.
I’m pleased to see that several proposals outlined in earlier Consultation Papers have now been dropped. As a result, …