Nov 20 – Getting to grips
BY AMI
The FCA has written to all mortgage intermediary firms setting out its supervisory agenda for the next 12 months. The six page letter sets out the key issues it is concerned about – firms should be able to clearly demonstrate [...]
2 weeks ago / No Comments
17
NOV
Nov 20 – Certification rears its head and shouts out
BY AMI
As part of the same letter to the mortgage intermediary portfolio, the FCA has reminded all directly authorised firms that they have until 31 March 2021 to ensure all staff in certified roles are fit and proper to perform those [...]
2 weeks ago / No Comments
17
NOV
No
Comments
Oct 20 – Starting the wrong race
BY AMI
The FCA recently issued a call for input to look at where the consumer investment advice market is not working well and to seek views on what changes can be made to improve the protections and outcomes. On the face [...]
4 weeks ago / No Comments
3
NOV
No
Comments
Oct 20 – Anything you can do?
BY AMI
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 [...]
1 month ago / No Comments
20
OCT
No
Comments
Oct 20 – Pushing water uphill
BY AMI
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 [...]
1 month ago / No Comments
20
OCT
No
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Sept 20 – Fighting for justice
BY AMI
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 [...]
3 months ago / No Comments
16
SEP
No
Comments
Sept 20 – Loose ends – stormy waters ahead
BY AMI
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% [...]
3 months ago / No Comments
16
SEP
No
Comments
Aug 20 – Not a sin of the past
BY AMI
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 [...]
4 months ago / No Comments
17
AUG
No
Comments
Aug 20 – Regulator on a Mission
BY AMI
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 [...]
4 months ago / No Comments
17
AUG
No
Comments
Jul 20 – Keeping the housing market running
BY AMI
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 [...]
4 months ago / No Comments
3
AUG
No
Comments
No
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