Jan 19 – FCA waves its magic wand
For many years AMI has been challenging lenders, the regulator and government to look more carefully at the issues facing what we saw as a significant population of mortgage prisoners. These were individuals who appeared to be able to meet their regular financial commitments, but who were prevented from moving to cheaper mortgage deals by […]
Dec 18 – Digital downsides
In this digital age it can feel like there is not only an individual pressure to keep up to date with tech but to also commercially stay ahead of the game with a fear of losing out to competitors. But the increased reliance on technology has its downsides. Cyber attacks continue to increase in quantity […]
Dec 18 – Another year rolls by
As we come to the end of another year, it is appropriate to reflect on another great period for intermediaries. We have continued to deliver great support and service for UK consumers who are looking for a mortgage to support their desire to buy their house to build a home. Despite the irrational findings by […]
Dec 18 – Threats of legal action
Following our recent guidance on dealing with requests from legal firms and CMCs,
Nov 18 – Requests from legal firms and CMCs
Members may have seen an increase in requests received from legal firms or claims management companies in recent months.
Nov 18 – The future of our regulator
With certain world leaders shifting societies backwards, it can at times feel like we have a bleak future ahead. I wonder if our regulator is moving the industry in a similarly ominous direction. When the FSA split to be come the FCA and PRA in 2013 we were promised that the new regulator would be […]
Nov 18 – Escaping Leasehold
Over the last few years many people inadvertently bought houses with a leasehold tenure. Too many of these had escalation causes which severely impact the current and future value of the property. It is positive that government has made it clear to builders that this practice is unacceptable and that whilst it will take some […]
Nov 18 – Time to look in the mirror
Culture in financial services has become a priority for both the PRA and FCA as well as government and select committees. It is recognised that culture is a key root cause of major conduct failings that have occurred within the industry in recent history. There is an expectation on firms to focus on fostering good […]
Oct 18 – Concerns about changes to FOS
The FCA recently announced it will extend access to the ombudsman scheme (FOS) to include larger SMEs.
Oct 18 – Product risks and advice
For the last four years UK authorities have been working jointly with industry to pursue an alternative and more robust interest rate benchmark to LIBOR. Although it could be said to have a number of weaknesses, its manipulation resulting in £757m of fines was the final nail in its coffin, leading to it needing proper […]
