Some lenders are giving brokers too short of a notice before pulling mortgage products off the market to be repriced, which is causing renewed frustration.
The Financial Conduct Authority and UK Finance have both sounded the alarm over potential greenwashing in the mortgage market. In a recent speech at the London Institute of Banking & Finance’s mortgage conference, FCA director of retail banking David Geale echoed a previous warning from David Postings, chief
Green mortgages could play a key part in reducing carbon emissions in the UK, helping the country meet its net-zero targets. This is certainly the view of regulators, with the Financial Conduct Authority’s director of retail banking, David Geale, recently calling for more product innovation in this area to help
Brokers have welcomed the support on offer in meeting the new Consumer Duty requirements, though have warned that advisers need to be proactive in making the most of the resources on offer.
At IFA Magazine we wanted to get further insight into the thoughts of advisers, brokers and mortgage experts so asked our readers what they thought abut