Feb 16 – The Advice Factor

BY IN Article On 22nd February 2016

There has recently been a decision from the Financial Ombudsman Service (FOS) which sheds further light on the expectations of what an adviser needs to consider when supporting a lending application, which includes an interest only element, particularly with limitations [...]

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Feb 16 – The value of an economic prediction

BY IN Article On 22nd February 2016

With the latest quarterly inflation report from the Bank of England and the Monetary Policy Committee voting unanimously to hold rates again, the landscape has changed once more.  The prospect of any base rate rise in 2016 has receded and [...]

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Feb 16 – Regulation on the run

BY IN Article On 22nd February 2016

The hiatus over the launch of selfcert.co.uk appears to have subsided as it became clear that the FCA was uncomfortable with the idea and that the £50m of funds was not going to change the UK mortgage market.  In addition [...]

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Jan 16 – Dancing in the Dark

BY IN Article On 22nd February 2016

Although the implementation date for the Mortgage Credit Directive is 21st March 2016, it is looking increasingly likely that the participants in the second charge mortgage industry are looking to “go early”.  Indications are that most lenders are looking to [...]

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Online dispute resolution: action for firms

BY IN EU Mortgage Credit Directive, Newsflash On 5th February 2016

From 15 February 2016 new legislation will introduce a European online dispute resolution (ODR) platform which will allow consumers, traders and alternative dispute resolution providers (in financial services this is FOS) to file, respond to, and handle disputes online. [...]

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Mortgage Credit Directive: Bridging Loans

BY IN EU Mortgage Credit Directive, Newsflash On 4th February 2016

The new rules mean many bridging loans will be exempt from the provisions of the Directive, therefore they will be regulated outside of the Directive (i.e. under the current MCOB rules introduced following MMR) or unregulated altogether.    [...]

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