FCA market study: Competition in the mortgage sector

Print publication


On 12 December 2016, following a Call for Inputs seeking stakeholder’s views on how well competition is working for the benefit of consumers in the mortgage sector, the FCA launched a market study which will focus on:

  • whether the available tools and advice at each stage of the consumer journey help mortgage customers to make effective decisions;
  • whether commercial arrangements between lenders, brokers and other players lead to conflicts of interest or misaligned incentives to the detriment of consumers; and
  • whether there are opportunities for better technology and increased digitisation to provide solutions to problems identified by the FCA, including the delivery of information and advice.

The FCA aims to publish an interim report in summer 2017 and will provide stakeholders with an opportunity to comment prior to publishing a final report in 2018.

For further information on the FCA’s market study and what this will mean for mutuals, please see our more detailed briefing.  Walker Morris will continue to monitor and report on developments, but please do not hesitate to contact us in the meantime if you have any queries.