FCA Consultation on Fees & Levies for 2024/25

Members may have seen that the FCA issued their annual consultation on the fees charged to firms on Tuesday 9th March – AMI comments…

Consumer Duty has made vulnerability about ‘characteristics’ rather than ‘binary’

Chloe Timperley’s comments from the British Specialist Lending Senate 2024 regulatory expectations around vulnerability…

Your March update from AMI Chief Executive Robert Sinclair

AMI Chief Executive Robert Sinclair gives his March update, including the Mortgage Charter and the FCA annual business plan…

Sexism in the City feedback: recommendations for firms

The feedback report for the September Sexism in the City paper has been released. We are cited in the report, relating to our event code of conduct…

AI will not replace ‘divergent or creative’ thinking

Chloe Timperley’s comments from the British Specialist Lending Senate 2024 on generative AI and regulatory expectations around vulnerability…

Mortgage Brokers: The climate is changing, should you?

The Mortgage Climate Action Group (MCAG) is delighted to invite you to its upcoming webinar: ‘The Climate is Changing, Should You?’ on 18th March at 10am…

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Help to Buy practical completion deadline extended again

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The deadline for Help to Buy sales to reach ‘practical completion’ has been extended a second time to the 17th March 2023, giving buyers and developers a further 6 weeks after the previous extension to 31st January. The new deadline comes two weeks before the final deadline for Help to Buy sales to reach ‘legal completion’ on the 31st March. Our previous blog on this topic goes into more detail on the government definitions of these terms and criteria that need to be met.

In her letter to Homebuilders Federation chair Stewart Baseley, housing minister Lucy Frazer re-emphasised that in cases where the final practical completion deadline is unlikely to be met, ‘it is crucial that developers, in compliance with their contractual obligations, refund customer reservation fees as soon as possible’.
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