Aug 20 – The cheapest rule factsheet
AMI has produced a new factsheet as guidance for firms following the introduction of FCA rules
Aug 20 – FCA introduces paper admin fee
The FCA is aiming to move to 100% paperless invoicing.
Aug 20 – FCA insurance guidance
On 11 August the FCA issued finalised guidance for insurance and premium finance firms when dealing with customers in financial difficulty due to coronavirus.
Aug 20 – Not a sin of the past
As the number of Data Subject Access Requests channelled through lawyers and claims managers to intermediary firms, where the consumer had an interest only mortgage, sails towards 5,000 there are huge impacts on firms. These fishing expeditions to see what is on file are very different to the historic PPI market. There the DSAR fell […]
Aug 20 – Regulator on a Mission
As this unique year sees an August spike in interest in housing and mortgages, our friends at the FCA also appear to be returning to business as usual. Having had seven days to respond to a consultation on how we should deal with people coming to the end of payment deferral, we have had four […]
Aug 20 – IMLA green mortgages research
The Intermediary Mortgage Lenders Association (IMLA) is conducting a new research project which will assess the consumer appetite for green mortgage products and feed those insights back to lenders, brokers and the wider market.
Aug 20 – How to get PII ready
AMI is aware from member research that firms are seeing increased premiums and excesses, restrictive terms, and reduced insurer choice at renewal of their professional indemnity insurance (PII) policy.
Jul 20 – Keeping the housing market running
When Covid struck the whole of the UK housing market stopped. Builders, estate agents, valuers and removal firms could not operate and they had to go into lockdown. Like most of the UK they were facing into the unknown and many of these businesses placed even their most skilled and qualified staff onto furlough. Mortgage […]
Jul 20 – The Directory
Following the introduction, in December 2019, of the Senior Managers & Certification Regime (SM&CR) to intermediary firms, the FCA register will continue but will contain fewer individuals.
Jul 20 – The cheapest rule
Firms are reminded that the FCA rules MCOB 4.4A.1R(1A) and MCOB 4.7A.23AR, included in the policy statement on mortgage advice and selling standards, will apply to all firms from 31st July.
