April 17 – Buy to let
Brokers should be aware of and take care with advice on limited company buy to lets.
March 17 – Toy Town Housing Solutions
This post-Brexit government has put housing at the centre of its agenda in recognition of its ability to drive forward the economy and the failure for decades to construct enough new homes. We have seen a plethora of initiatives over the last few years which have encouraged builders to build and made getting on the […]
March 17 – Plevin and PPI
The FCA has confirmed new rules and guidance to apply to all firms that sold Payment Protection Insurance (PPI) which come into force 29 August 2017.
March 17 – Advice changes
The government has recently announced two changes to advice. While these will predominantly affect the investments and pensions arena, they should positively impact the conversations that mortgage advisers can have with their customers.
March 17 – Sweet Caroline – coming for ya’
In recent weeks we have had some responses from our friends and colleagues in the FCA that indicate they are less inclined towards listening mode at this point in the regulatory cycle. There have been a range of issues where their replies to AMI and the wider market have not been what we had hoped […]
March 17 – Advice changes on the fringe
The government has recently announced two changes to advice as part of the Financial Advice Market Review. While these will predominantly affect the investments and pensions arena, they should positively impact the conversations that mortgage advisers can have with their customers. The first change is the narrowing of the definition of investment advice for regulated […]
February 17 – Understanding the supply chain
The FCA’s Responsibilities of Providers and Distributors (RPPD) paper sets out guidance for firms around the fair treatment of customers. Although introduced in 2007, it articulated responsibilities already set out in the regulatory Principles, Rules and Guidance, financial services legislation and case law. During the consultation period there was broad consensus from the industry that […]
February 17 – Paying for others’ mistakes
In the last few weeks mortgage firms have been invoiced for the latest interim levy from the Financial Services Compensation Scheme. These were for eye watering amounts of money. The background to the majority of these costs are failed unregulated investments. Some were to fund Eastern European property builds whilst others were on carbon credits, […]
February 17 – Is the mortgage market competitive enough?
The FCA has issued the terms of reference for its mortgage market study, which has been focussed more tightly since it issued its feedback statement in May 2016. The review will now revolve around the consideration of two key questions: At each stage of the consumer journey, do the available tools (including advice) help mortgage […]
February 17 – Cheesecake all round
The industry is about to descend into unseemly squabbles over the FCA proposals to reform the Financial Services Compensation Scheme. The pre-consultation discussions were characterised by goodwill, open minds and positive debate of the issues. Now we have tangible proposals on the table which firms and trade bodies can attach £s to, the debate suddenly […]
February 17 – Help to Buy and Lifetime ISAs
AMI has created a factsheet on Help to Buy ISAs and Lifetime ISAs which may be helpful for firms.
January 17 – Considered Choice
2017 has started with good news from Santander on procuration fees. For many years now intermediaries have been at the heart of the Santander mortgage business. In keeping with their developing automated solutions that allow customers to transact both directly or via an intermediary, paying a fee where the broker takes responsibility for the advice […]
