BY AMI IN Article On 26th January 2015

Less than a year after we implemented the most significant regulatory changes to the market under the Financial Conduct Authority’s Mortgage Market Review (MMR), we are now looking at the changes required by the Brussels version of the review into [...]

4 years ago / Comments Off on JAN 2015 – Two birds in less than two years

BY AMI IN Article On 19th January 2015

Many lenders used to be happy to lend on self-certification of income where the applicant had a good credit score and no adverse credit history. Others used simple income multiples to agree the amount they were prepared to lend. The [...]

4 years ago / Comments Off on JAN 2015 – Affordability

BY AMI IN Article On 12th January 2015

Treasury has now laid the required draft statutory instrument before Parliament to implement the European Mortgage Credit Directive. In doing so they have recognised that last years’ MMR made most of the changes required to deliver an effective UK mortgage [...]

4 years ago / Comments Off on JAN 2015 – Treasury muffles the European drum

BY AMI IN Article On 5th January 2015

As we arrive in the New Year, there are many reasons for brokers to be cheerful. 2015 will be a year of stability without great regulatory change, before we introduce the European Directive in 2016. Whilst there will be much [...]

4 years ago / Comments Off on JAN 2015 – The New Year view