FCA financial resilience survey
The FCA has confirmed it will repeat its financial resilience survey. If your firm receives it, completion is mandatory…
Aug 22 – Impact of lengthening pipelines on mortgage valuation expiry dates
Due to lengthening pipelines the valuation connected to the mortgage may have expired/is due to expire at an earlier date…
Aug 22 – Important update for firms that sell protection and/or GI
All mortgage intermediary firms that distribute protection and/or GI should have received, by email, two letters from the FCA…
July 22 – Consumer Duty: AMI view
Yesterday saw the release of the long awaited FCA Consumer Duty policy statement. As part of AMI’s consultation response and direct engagement with the regulator…
July 22 – Update on cladding
Six of the largest lenders have moved one step closer to lending on flats with Grenfell related cladding problems…
July 22 – Fees and levies 22/23
This year mortgage intermediary firms have been shielded from increases to their 22/23 FCA fees and levies invoices..
Jun 22 – Be prepared for the FRN system update
The FCA has announced it will soon run out of 6-digit Firm Reference Numbers to allocate to newly-authorised firms…
Jun 22 – FCA financial resilience survey
Between 20-24 June 2022 mortgage intermediary firms will receive, via email, a FCA financial resilience survey…
Jun 22 – FCA update: clarification on ‘use it or lose it’
In our May newsletter, we alerted members to the FCA’s new power to act more quickly against firms….
May 22 – FSCS Levy Update for 2022/23
Good news for mortgage broker firms – the FSCS has announced that its total levy on firms for 2022/23 will be £625m….
