Proposals to help people trapped in their mortgages are not sufficient, says industry body

The Financial Conduct Authority (FCA) and the Government should consider alternative means of protecting borrowers who remain unable to switch mortgages as the time it will take lenders to adopt modified assessment processes could be disadvantage to them, it is suggested. The Intermediary Mortgage Lenders Association (IMLA), responding to the FCA’s consultation paper on Responsible […]

The post Proposals to help people trapped in their mortgages are not sufficient, says industry body appeared first on PropertyWire.