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Oct 19 – The bigger ticking bombs

BY AMI

The housing market appears stable, with forecasts suggesting that transactions will reach 1.2 million in 2019, in line with the long-term average. However, according to analysis by Zoopla and Hometrack, activity in the market is not evenly spread geographically.  Sales [...]

4 weeks ago / No Comments

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OCT

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Oct 19 – Picking the right remedies

BY AMI

The FCA is due to deliver final remedies from its Mortgages Market Study in Q4, unanticipated events notwithstanding. AMI has already been vocal about a wholesale move to allow execution-only sales to re-enter the mainstream market.  It is a mistake, [...]

4 weeks ago / No Comments

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OCT

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Sept 19 – Who is Sonia

BY AMI

Lenders are currently heavily involved in making plans for the abolition of LIBOR, however this may come as a bit of a surprise to intermediaries.  The lack of public utterances so far masks a vast raft of work going on [...]

2 months ago / No Comments

16

SEP

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Sept 19 – Fearful of FOS

BY AMI

The Financial Ombudsman Service is obliged to publish decisions which have been referred to an Ombudsman.  Firms should be looking at its website and searching for mortgage based decisions to update themselves on issues which might arise from the approach [...]

2 months ago / No Comments

16

SEP

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Aug 19 – A fairer FOS

BY AMI

FOS has now published proposals for its future funding having considered stakeholders’ feedback and the principles FOS has established in its previous conversations. It is proposing to rebalance the levy and case fee to aim for a 50:50 split, with [...]

3 months ago / No Comments

12

AUG

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Aug 19 – Only the headline

BY AMI

Freelance journalist Simon Read brought me sharply to attention when he wrote recently about whether anyone reads newspapers anymore.  The march of on-line and the ability to get anything on Twittersphere, Messenger or Whatsapp has totally changed “communication”.  As Trump [...]

3 months ago / No Comments

12

AUG

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Jul 19 – The truth that comes from advice

BY AMI

Following the financial crash in 2008, the Mortgage Market Review (MMR) introduced new rules in 2014 which followed a series of connected but distinct consultations that then produced an all-encompassing Policy Statement.  As part of this it is important to [...]

4 months ago / No Comments

30

JUL

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Jul 19 – Intermediaries and the SM&CR – what is your culture?

BY AMI

With less than six months before the FCA’s Senior Manager & Certification Regime (SM&CR) is extended across financial services businesses you might think that this is new regulation, based on filling in lots of forms.  Technically in law it is [...]

4 months ago / No Comments

16

JUL

No

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Jun 19 – The big trapped borrower debate

BY AMI

The issue of the trapped borrower or mortgage prisoner has been on the AMI agenda since the MMR was finalised in 2012.  We could be criticised for not getting enough traction on the issue until late 2018, but we were [...]

5 months ago / No Comments

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JUN

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Jun 19 – Calling order

BY AMI

In an unprecedented step the FCA has issued a Dear CEO letter to a sector of the market before they have completed the firm authorisation process.  The issues with CMC’s have been expressed by advice firms of all types for [...]

5 months ago / No Comments

24

JUN

No

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