Property News · December 12, 2016

FCA to review 'close relationships' in mortgage market


Sweeping study will look at ties between lenders, brokers, estate agents and price comparison websites to see if consumers are getting the best dealsBritain’s financial watchdog has launched a review of the mortgage market that will probe the “inducements” routinely paid to brokers and other industry players, to see whether consumers are losing out as a result.The Financial Conduct Authority (FCA) market study will look at whether competition in the mortgage sector can be improved, and whether commercial tie-ups between the sector’s different players “lead to conflicts of interest or misaligned incentives to the detriment of consumers”. Continue reading…

Source : theguardian.com
Read more…FCA to review ‘close relationships’ in mortgage market

You may also like...