You are here: Home - News -

Half of borrowers know about the Mortgage Code

  • 24/02/2003
  • 0
Some 55% of borrowers are now aware of the Mortgage Code, according to the Mortgage Code Compliance ...

Some 55% of borrowers are now aware of the Mortgage Code, according to the Mortgage Code Compliance Board. It has released research into consumer awareness of the Code, and the consumer rights supported by it, and attributes this figure to the new version of the customer leaflet, You and Your Mortgage. A third, 34%, of respondents (borrowers and non-borrowers) were aware of the Mortgage Code (up from 28% a year ago). Of these, 64% believe it ensures a fair deal for borrowers and 63% believe due consideration means understanding ‘affordability’ when arranging a mortgage. Just over half, 51%, of customers believe they will receive sympathetic treatment for financial difficulties should they arise.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Getting it covered

Mortgage advisers are going to come under increasing pressure to remain profitable, so selling general insurance products as well is...