MCD rules: Affordability assessment to be mandatory for new remortgage customers
In the Mortgage Credit Directive final conduct rules out today, all firms selling first and second charge loans will have to affordability check new remortgage customers, even if they borrow the same amount again.
FCA plans to ban default unticked box sales; ban includes protection
The Financial Conduct Authority has launched a consultation ahead of plans to ban opt-out sales boxes, which are pre-ticked and assume a sale.
Crossrail to boost London property prices
Properties located near stations on the new Crossrail line in London are set to experience a price increase.
FCA guilty of ‘dereliction of duty’ in media blunder
The Financial Conduct Authority (FCA) is set to be heavily criticised over its decision to leak details of an upcoming insurance probe to a national newspaper, inadvertently causing shares in several major life companies to plummet, according to reports.
FCA’s proposed broker fee hike receives industry criticism
The Financial Conduct Authority (FCA) has proposed an increase in fees paid by mortgage brokers of 8.5%, raising concerns from the industry’s trade body over the level of financial burden being heaped onto intermediaries.
And some more you may not have seen..
Million Plus trains advisers in equity release to cope with demand
Million Plus Financial Planning has begun training up its advisers to specialise in equity release following a surge in enquiries among older customers in the larger loan market.
UK inflation fell to record-low of 0% in February – BoE
UK Consumer Price Index (CPI) inflation hit its lowest ever recorded rate of 0% in February driven down by the falling price of goods, food and household furnishings, official figures show.
How equity release can prop up an ageing population – Rozario
An ever-increasing life expectancy is surely a core element of any successful society, writes Andrea Rozario.
Tony Ward appointed CEO of Clayton Euro Risk; Bolton left in November
Tony Ward, former chief executive of Britannic Money and ex-chairman of the Intermediary Mortgage Lenders Association (IMLA) has been appointed as president and chief executive of Clayton Euro Risk, the due diligence and asset quality consultancy firm.
No shift away from sales-driven culture for some firms – Source
In March this year the FCA published a consultation paper titled Risks to customers from performance management at firms which went largely unnoticed by the industry but threatens to completely undermine the way firms set and manage performance, especially with sales teams.
