The Financial Conduct Authority will lift fees for mortgage lenders and brokers by 2.4% following a 9% hike last year.
The City regulator, in its annual fees and levies paper, says its overall annual funding requirement has risen by 3.8% to £783.5m for 2025/26 from £755m last year.
Fees payable by mortgage lenders and brokers, both of which fall into the A.18 group “home finance providers, advisers and arrangers”, come in at £23.5m for 2025/26.
This is up by 2.4%, or £500,000, from £23m a year ago.
The regulator adds that for the Financial Ombudsman Service the minimum flat rate levy for mortgage advisers rises to £95 in 2025/26 from £85 last year, which will raise an estimated £470,815.
Lenders and brokers in the A.18 cohort will also pay money guidance levies amounting to around £330,000 in extra costs, up 32% on a year ago.
