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Comment on Brokers back FCA Mortgage Rule Review and call for lender innovation by Joe Black
['David Burrows']
Comments for Mortgage Strategy
Three quarters of UK mortgage brokers (78%) support the FCA Mortgage Rule Review.
This is according to a survey of 500 UK mortgage brokers from Nottingham Building Society which suggests most brokers support the reforms aimed at creating a more flexible and inclusive mortgage market.
The research highlights the importance brokers place on more flexible lending, tailored support for complex or vulnerable borrowers, and the adoption of technology to speed up mortgage applications.
The survey says these measures are critical to modernising the sector and delivering better outcomes for all borrowers in an increasingly complex mortgage market.
Our research shows brokers are calling for practical innovation and regulatory reform so lenders can responsibly serve a broader set of customers.
['rule'
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'support'
'lenders'
'complex'
'innovation'
'products'
'research'
'fca'
'flexible'
'uk'
'brokers'
'review'
'lender'
'borrowers']