Technology providers to continue evolution in mortgage advice »
The recent announcement that Equifax have teamed up with
Castlight in order to provide a real-time affordability platform,
provides further evidence that technology providers will not rest
on their laurels in their bid to provide advisers with the best
possible tools to do their jobs.
Conveyancers must think digitally to succeed in 2017 »
These are unpredictable times for the property market with
forecasts changing from joyfully optimistic to the polar opposite
within what feels like the blink of an eye, but there is one thing
I am sure of - the future of conveyancing is online.
Mortgage market review April 2017 »
Mortgage market update for April 2017
Protection market review April 2017 »
Protection market update for April 2017
Increasing complexity demands greater specialism »
The Society of Mortgage Professionals' recent survey
found 61% of members supported a standalone lifetime
mortgage qualification for pensions and investment advisers so
they could sell such products without having full mortgage
Getting to grips with the new buy to let affordability checks »
The new Prudential Regulation Authority regime regarding
Interest Cover Ratios (ICR) and stress tests are a mathematical
consequence of the income tax relief changes announced by George
Osborne back in July 2015.
Spring budget 2017 summary »
This summary has been prepared very rapidly by Taxbriefs and is
for general information only. It is recommended to seek competent
professional advice before taking or refraining from taking action
on the basis of the contents of this publication. The guide
represents the authors understanding of the law and HM Revenue
& Customs practice as at 9th March 2017, which are subject to
Protection market review March 2017 »
Protection market update for
Mortgage market review March 2017 »
Mortgage market update for March 2017
Government consultation on public financial guidance »
Response to the Government's proposals to create a single
financial guidance body to deliver unregulated guidance to the
public. We make several suggestions, including that this body work
with the advice profession to deliver a free Financial Health Check
to all adults in the UK.
Consultation on pension scams »
We believe the Government, regulators and financial advice
professionals have a common and joint responsibility to act in the
interests of consumers by seeking out and eliminating the
unscrupulous behaviour of cold callers, scammers and
Mortgage market review - February 2017 »
Mortgage market update for February 2017.
Protection market review February 2017 »
Protection market update for February 2017.
The regulation of mortgage business »
Regulation of the conduct of business in mortgage selling is the
responsibility of the Financial Conduct Authority (FCA). The
Prudential Regulatory Authority (PRA) is responsible for the
prudent operation of the financial system through regulation of all
deposit-taking institutions, insurers and investment banks.
This factfile was last updated by the author in January 2017 and
reflects the rule changes arising from the Mortgage Credit
Directive (MCD) that came into effect in 2016. Firms have until
2019 to transition in some of these changes.
FCA future mission consultation »
We support this fundamental review of the FCA's work going
forward. Much has happened in the financial markets even since the
creation of the FCA in 2012. There has been much new insight on how
consumers behave with financial products and services, including
the impact of technology and new processes.