Paradigm has launched a website and video resource for intermediaries covering the recently-published FCA Feedback Statement and Roadmap for its Mortgage Rule Review.
Available to view at https://www.paradigm.co.uk/services/mortgage-rule-review, Paradigm has brought together all elements of the FCA’s mortgage market work.
This includes the original Policy Statement, the subsequent Discussion Paper and the Feedback Statement and Roadmap document published in December last year.
The Roadmap sets out the action the FCA have prioritised through 2026 and into next year, and grouped them into four themes:
- Expanding access for FTBs and underserved customers
- Enhancing later life lending
- Enabling innovation
- Protecting vulnerable customers
The page also contains a new ‘Paradigm on Film’ video in which key elements and details of those four themes are discussed and analysed by Paradigm experts.
The video outlines what intermediaries can expect from the regulator as it works across the four themes, the outcomes it might deliver and what firms can do in advance of any future mortgage rule changes as a result. The video can be counted towards CPD hours.
Paradigm Mortgage Services managing director of mortgages Richard Howes said: “The Mortgage Rule Review is one of the most important pieces of work the FCA has carried out on the mortgage market in recent years. It covers a number of key areas and has moved at pace, which can make it hard to keep track of what has been said, what has changed, and what is coming next.
“We wanted to bring everything into one clear place, using plain language, so firms can see the full story and understand what the regulator is aiming to achieve.”
