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FCA Mortgages Market Study - Latest News


Plan to free 'mortgage prisoners' revealed by FCA

An interim report into the mortgage market, published in May by the FCA, highlighted the plight of these borrowers. These "mortgage prisoners" are unable to move to a better deal when their existing m... read more

FCA to consult on ‘proportionate’ affordability test to help mortgage prisoners switch

The Financial Conduct Authority (FCA) has revealed it will launch ... barriers to switching for these customers will be published alongside the final report of the Mortgages Market Study this spring. ... read more

FCA seeks to set free 'mortgage prisoners'

The findings are part of an interim report by the FCA into the mortgage market which found that around 30% of customers are failing to find the cheapest mortgage for them, typically overpaying by £550 ... read more

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FCA, Santander -- a case study in subprime

Only this isn't the U.S. housing market circa 2007. It's the U.S. auto industry circa 2017. A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto ... read more


FCA shakes up mortgage prisoner rules

The consultation comes after an industry-wide voluntary agreement was established in July last year in response to the FCA’s interim mortgage market study, to allow the 10,000 mortgage prisoners of ac... read more

Rule change proposals could help mortgage prisoners escape

The FCA is due to publish more information on its strategy for helping mortgage prisoners as part of its Mortgage Market Study in the Spring. The timeframe for implementing the rule changes is not yet ... read more

FCA Mulls Relaxing Post-Crash Responsible Lending Rules

The FCA published an interim report into the mortgage market in May. The watchdog warned that reforms were needed to help longstanding customers and said it was considering asking the government for m... read more

Nearly a third of homebuyers fail to get best mortgages, says watchdog

The report found little evidence that current commercial arrangements between firms in the market, such as brokers ... are harming customers. The FCA recommends making it easier for customers to ident... read more

Knowledge Bank launches data insights for mortgage lenders

It means for the very first time, the mortgage industry has instant data ... also agreed to share all of its Insights data with the FCA, which is delighted to receive such an in-depth view of the mark... read more

Knowledge Bank launches criteria analysis tool

In a further move, Knowledge Bank says that it will share its data with the FCA and other trade bodies that request it. Knowledge Bank chief executive Nicola Firth says: “Data analysis is vitally impo... read more

FCA begins competition review of mortgage market

LONDON (Reuters) - Britain's financial watchdog said on Wednesday it was starting a review of the mortgage market to identify ... inform any future FCA work on this key sector of the economy, includin... read more



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