23rd October 2009

The Mortgage Market Review

In DP09/03 published earlier this week, the FSA has set out its draft proposals for radical changes to the way it regulates the mortgage market for lenders and intermediaries. If implemented in their current form, the proposals will have a significant impact on all mortgage advisers and the way that they operate.

In the attached briefing note we have extracted the key points for mortgage intermediaries from the discussion paper. The discussion period closes on 30 January 2010 and the FSA indicates in DP09/03 that it will look to move quickly to implement its proposals following that date.

If you have any queries relating to the mortgage market review and its potential impact on your business, please do not hesitate to contact Alan Hughes, associate and head of Financial Services at Foot Anstey.

Click here to review the briefing