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Lenders over-using technology could breach MMR rules, warns FCA

Mortgage Solutions | 31 Mar 2014

The Financial Conduct Authority has raised concerns that lenders' growing reliance on technology to improve efficiency post-MMR implementation will put consumers at risk.


Virgin Money reveals MMR changes; confirms execution-only offering

Virgin Money has become the latest lender to announce its Mortgage Market Review (MMR) changes including confirmation it will accept execution-only business following the introduction of the new rules.

Mortgage Solutions | 25 Mar 2014

FCA answers key broker questions on MMR - summary

The Financial Conduct Authority has published a Frequently Asked Questions document in a bid to clear up advice-related confusion ahead of the incoming Mortgage Market Review on 26 April.

Mortgage Solutions | 31 Jan 2014

Other Execution-only articles


Right-time document sharing for execution-only will be key post MMR

From April next year, new obligations under the Mortgage Market Review (MMR) mean execution only-sales will have to be dealt with far more carefully to remain compliant, said vScreen.

Mortgage Solutions | 07 Nov 2013

FCA: Third of industry behind on MMR preparations

An FCA survey suggests a third of the industry cannot confirm it has a plan in place to prepare for Mortgage Market Review implementation on 26 April next year.

Mortgage Solutions | 17 Sep 2013
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Adviser exec-only protection models 'not good' for consumers - poll

Adviser firms offering non-advised protection sales can't be good for the consumer, according to the majority of advisers, life offices and reinsurers.

Mortgage Solutions | 26 Feb 2013

Capital Platform: 95% of advisers to stay put post-RDR

Few advisers will drop out of the industry after the Retail Distribution Review (RDR) and most plan to go independent, research from Capital Platform suggests.

Mortgage Solutions | 30 Nov 2012

MMR: Execution-only loophole still open

Mortgage professionals, High Net Worth (HNW) borrowers and business customers will be able to sidestep the mandatory advice proposals and take out mortgages on an execution-only basis.

Mortgage Solutions | 25 Oct 2012

MMR PS12/16: all the headlines in a nutshell

The FSA has revealed the final rules of the Mortgage Market Review. Mortgage Solutions offers a handy guide to the key points.

Mortgage Solutions | 25 Oct 2012

FSA warned against “over-designing” MMR advice rules

The FSA must give greater clarity over when the MMR will require advice to be given and not trap existing mortgage customers in “over-designed” regulation, Nationwide has said.

Mortgage Solutions | 15 Mar 2012
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MMR: FSA simplifies KFI rules

The Financial Services Authority (FSA) has proposed changing the trigger points for the pre-application Key Facts Illustration (KFI), after research indicated that most consumers do not use the KFI to compare different products.

Mortgage Solutions | 19 Dec 2011
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FSA: Non-advised sales ban still possible; Mortgage exam changes ahead

In the product intervention feedback statement out this morning, the regulator refused to rule out a ban on non-advised sales.

Mortgage Solutions | 14 Jun 2011

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