Mortgage Market Review - MMR Final Rules

The FSA has released the final MMR rules today, the FSA is looking to bring order and put more common sense into the market and provide more protection for consumers.  

The rules come into force on the 26^th April 2014, most of which relate to lenders, we have summarised below the key points for intermediaries. Over the coming months we will examine the rules in detail and all H3 clients will be made aware of the changes and requirements and be fully prepared for the changes in April 2014

FSA Delays Approved Persons Regime for Mortgage Advisers - again!

The FSA has announced a further delay to the introduction of the proposed CF31 function that would allow it to track individual mortgage advisers in the same way that it does for investment advisers.