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FCA says quality of advice in the mortgage market is mixed


The Financial Conduct Authority (FCA) published in July 2015 a Thematic Review assessing the quality and suitability of mortgage advice. This follows the implementation of the Mortgage Market Review (MMR) in April 2014 when new rules were introduced. The key finding was that the quality of advice in the mortgage market was mixed. The majority (59%) of [...]

Second Charge Repossessions

2017-02-22T15:06:20+00:00Tags: , |

Secured Loans: Repossessions at five year low! The number of actual Second Charge Repossessions taken by FLA members fell by 45% in the first three months of 2015 to only 60 as reported by the Finance and Lease Association (FLA) whose members include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan [...]