Treasury rules make good sense, says London & Country

Mortgage broker London & Country has broadly welcomed most aspects of the Treasury&#39s near-final rules on the regulation of mortgage advice.

Patrick Bunton, head of operations and compliance, says that rules on introducers and packagers “make perfect sense”, and is pleased that the Treasury has deferred judgement on the implications of polarisation.

But Bunton warns that Treasury confirmation that home reversion plans will not be regulated “could lead to confusion” in the future as equity release products grow in significance and complexity.