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Bank of Mum and Dad rivals major lenders

The Bank of Mum and Dad is now equivalent to one of the UK’s top 10 mortgage lenders and is set lend over £5bn in 2016, according to Legal & General. In research with the Centre for Economics and Business Research, L&G estimates parents will be involved in 25 per cent of mortgage transactions taking place in […]

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MAS to do yet more gap filling research ahead of break-up

The Money Advice Service has outlined how it intends to work with Government and the regulator to tackle guidance gaps once it is split into two separate bodies in 2018. According to its 2016/17 business plan, the MAS, the Treasury and the FCA are to research what the MAS provided through its channels – including […]

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FCA warns on mortgage network panels and commercial deals

The FCA has raised concerns that commercial deals along the mortgage supply chain and the dominance of networks pose a risk to competition in the mortgage market. The regulator has published two reports today on whether the mortgage market is working effectively for borrowers. In the first report, the FCA says following the Mortgage Market […]

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