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FSA to review overlap between CP121 and mortgage regulation

In its response to mortgage regulation consultation the Treasury has said the FSA will consider the links between the CP121 polarisation review and mortgage regulation.

Although there was no mention of polarisation in its consultation document because it concerns the investment market, it says in light of feedback it now recognises the same market failures could occur in the mortgage market.

It says some commentators are worried the number of independent mortgage advisers will fall as many consumers will not be prepared to pay a fee for advice and advisers will not generate enough income to stay in business.

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