Paradigm has launched a website and video resource for intermediaries with information on the recently published FCA Feedback Statement and Roadmap for the Mortgage Rule Review.
Can be viewed at https://www.paradigm.co.uk/services/mortgage-rule-reviewParadigm 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 actions the FCA has prioritized through 2026 and beyond, grouping them into four themes:
- Expand access for FTBs and underserved customers
- Improving credit provision later in life
- Making innovation possible
- Protection of vulnerable customers
The page also features a new ‘Paradigm on Film’ video in which key elements and details of these four themes are discussed and analyzed by Paradigm experts.
The video outlines what intermediaries can expect from the regulator as it works on the four themes, what results it can deliver and what companies can do in advance of any future changes to mortgage rules as a result. The video can be counted towards CPD hours.
Richard Howes, mortgage director at Paradigm Mortgage Services, said: “The Mortgage regulations overview is some of the most important work the FCA has carried out in the mortgage market in recent years. It covers a number of important areas and has evolved rapidly, so it can be difficult to keep track of what has been said, what has changed and what is yet to come.
“We wanted to bring everything together in one clear place, in plain language, so that companies can see the full story and understand what the regulator wants to achieve.”