Former shadow financial secretary Lord Howard Flight, a senior Tory peer, has demanded that the FCA issues immediate guidance to ensure lenders start using the MMR’s transitional rules properly.
MP Mark Garnier, who says he has sympathy with lenders over transitional arrangements, to push for review of MMR
In this gallery we list the five ways the MMR has changed the market - some for better and some for worse.
The chief executive of AMI, Robert Sinclair, predicts brokers will write three in four mortgages within five years as the direct-only channel heads into “decline”.
Is a policy that pays out when rates rise, and funds the difference between the old and new mortgage repayments, the answer?
Faced with the threat of Christmas being cancelled if he fails to obtain a mortgage for Santa, Andrew Montlake thinks he will never find a lender for an elderly, self-employed, non-resident person with irregular income. But then the Christmas fairy waves her wand…