On 7 October 2015, the FCA published a Call for Inputs on
competition in the mortgage market, providing an opportunity for
those with an interest in the sector to help identify, in
particular, potential areas where competition in the interests of
consumers may not be working well and could be improved (or
conversely if competition is working well).
This activity is driven by several
- Questions about market dynamics, including in relation to
specific market segments or groups of consumers;
- The fact that some issues might become more acute over time -
for instance, in the event of changes to the economic environment
such as interest rate rises;
- Recent regulatory changes, including the Mortgage Market Review
(MMR), and the regulator's interest in assessing its impact on the
- The FCA's wider programme of work on mortgages, including the
recently completed Advice and Distribution review and the ongoing
Responsible Lending review.
Next steps: the FCA are asking interested stakeholders to
respond by 18 December, with a view to publishing a feedback
statement in the first quarter of 2016 summarising the analysis of
the responses received and setting out any further action.
View the attached document »