Archive by Category: Article

Oct 20 – Anything you can do?

BY IN Article On 20th October 2020

Early in October I spent an hour creating a podcast with the UK Mortgage Prisoners Action Group.  What this brought home to me was the sheer variety of mortgages caught; the different circumstances of the consumers; and the complexity of [...]

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Oct 20 – Pushing water uphill

BY IN Article On 20th October 2020

The last 7 months have been turbulent, with more challenging times to come.  This is uncharted territory as there are no experts in governments at attempting mass population control in a pandemic.  We see money being thrown at problems in [...]

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Sept 20 – Fighting for justice

BY IN Article On 16th September 2020

Regular readers and those who have heard me speak know that I am often less than impressed by the way the FCA operates.  This time I am far from alone.  In July, the FCA launched an eight-week consultation proposing changes [...]

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Sept 20 – Loose ends – stormy waters ahead

BY IN Article On 16th September 2020

I am becoming concerned about what next February and March might feel like.  As the existing Help to Buy scheme ends, pressure will escalate on builders, conveyancers, lenders and brokers to ensure timely completion.  At the same time, the 3% [...]

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Aug 20 – Not a sin of the past

BY IN Article On 17th August 2020

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 [...]

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Aug 20 – Regulator on a Mission

BY IN Article On 17th August 2020

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 [...]

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Jul 20 – Keeping the housing market running

BY IN Article On 3rd August 2020

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 [...]

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Jul 20 – Equity released, but not from FCA criticism

BY IN Article On 13th July 2020

The FCA has published findings from its 2019 exploratory work into later life lending.  These focus on the equity release sales and advice process, following a review of advice files from 13 of the largest and most experienced firms in [...]

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Jul 20 – Criteria says No

BY IN Article On 13th July 2020

When Rishi Sunak bounced the banks into mass payment deferral programmes, he also indicated that this would not impact a consumer’s credit score.  By the time Gov.uk set out their views in May on help with mortgages they stated that [...]

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Jun 20 – True Colours

BY IN Article On 16th June 2020

The first week of June saw the interim Chief Executive of the FCA make his boldest move since taking the reins.  In announcing that the FCA was invoking FSMA Section 165 powers linked to a data request to 13,000 firms [...]

5 months ago / Comments Off on Jun 20 – True Colours

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