FCA: We want mortgage broker role to be ‘fulfilled to its maximum’

Mortgage brokers play an important role when helping people buy a home, but the regulator wants to ensure this role is “fulfilled to its maximum” as part of its review into the market. On FT Adviser’s latest vodcast, Emad Aladhal, director of retail banking at the ‪@TheFCA‬ spoke about how the regulator is trying to help the underserved in the mortgage market. The FCA is looking to widen mortgage access for self-employed, older borrowers, and those who may be paid in other currencies. But why now? Aladhal explained how 99 per cent of borrowers are on track with their mortgage payments. “We’ve built on that regime with the consumer duty coming in the last couple of years. It means that we are in a position of strength and actually the industry has the right guardrails and the right culture. FT Adviser is a service from @Financial Times Subscribe to FT Adviser at https://www.ftadviser.com/?utm_medium... #financial advice #financialadviser #financialplanning #financialservices #financialplanners #business #news #finance #pensions FT Adviser is a journalistic product which is for general information and entertainment purposes only. Our content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by the Financial Times. It is not intended to be and should not be relied upon by users in making (or refraining from making) any specific investment, purchase, sale or other decisions. Appropriate independent advice should be obtained before making any such decision, such as from a qualified financial adviser.