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FCA mortgage manager Lynda Blackwell takes on supervisory role

The Financial Conduct Authority has handed Mortgage Market Review architect Lynda Blackwell a new role as mortgages and mutuals sector manager.

Blackwell, who was previously mortgage policy manager at the regulator, will now supervise the implementation and integration of the MMR in April.

The MMR, which is set to launch on 26 April, will force lenders to ensure borrowers can afford their mortgages.

The rules stipulate lenders verify income in all cases and take into account the impact on mortgage payments of future rate rises. It also bans most non-advised sales, except “non-interactive” internet and postal sales.

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