Leaseholders may face legal restrictions on working from home
A senior lecturer at Manchester Metropolitan University Law School has warned that many leasehold and some freehold titles contain covenants that forbid the use of residential property ‘for the purposes of trade or business’…
Redress payments halve for mortgage businesses
The FCA’s latest Complaints Data has revealed that mortgage businesses paid out less than half the amount in redress in the first half of 2022 than they did over the same period the year before…
Help to Buy Closure – FAQs
The Help to Buy scheme officially closes to new applicants today (31st October) at 6pm. The government has issued guidance on the future milestones for buyers to be aware of…
Update from the National Custom and Self Build Association (NaSBA)
On Right to Build Day NaSBA published a letter calling out unfair practices by a minority of local authorities placing unreasonable financial tests on anyone wanting to sign their local Right to Build register…
FOS Cases of interest to Mortgage Intermediary Firms
The following recent FOS cases may be of interest to mortgage intermediary firms – read the full details plus AMI’s comment…
AMI Lobbying Win
As a direct result of AMI lobbying, the FCA announced last week (27 October 2022) that it would be extending the deadline for principal firms to submit data on their ARs/IARs…
AMI Launches Two New Industry Websites
We are delighted to share with you two new websites AMI has launched this month aimed at everyone working in the broker community and the wider mortgage sector…
Green Mortgage Advice
The industry is pulling together to drive collective action in the fight against climate change, and we at AMI are playing our part by establishing greenmortgageadvice.uk in collaboration with the Mortgage Climate Action Group (MCAG) and the Green Finance Institute (GFI)…
Working in Mortgages
AMI is proud to announce the launch of WorkinginMortgages.org.uk, a not-for-profit careers and outreach website for the mortgage industry, underpinned by the principles of Diversity and Inclusion (D&I)…
Principal firms with ARs and/or IARs – important update
There are changes coming into effect on 8 December, affecting principal firms with ARs/IARs…
FCA Issues Consumer Duty Update for Firms
The FCA has issued an update for firms on three aspects of the new Consumer Duty where it feels further clarification is needed…
Chief Executive update – Navigating choppy waters
The main focus of this month’s Connect is the FCA’s new rules around Consumer Duty. Firms should be in no doubt that this will require a serious investment of time and effort…
