Second charge watch: streamlining finances during turbulent times
In the current environment of volatility and turmoil, it is perhaps unsurprising that second charges – a great method of using existing assets to either shore up finances or unlock cash – are on the rise. Figures from the Finance and Leasing Association (FLA) show...
Will you fall foul of Consumer Duty for capital-raising clients?
Written by Stewart Simpson, Second Charge Mortgage Specialist In many ways, Consumer Duty should provide little concern for mortgage brokers. After all, the core principle of securing good outcomes for the customer is woven into the DNA of most brokers. However, there...
It’s time to think about consumer duty
Steve Burch, Group Head of Compliance New Consumer Duty regulations are coming. The FCA has confirmed that the rules will be introduced on 31st July 2023 for ‘new and existing products or services that are open to sale or renewal’. For closed products or services, the...
Helping your clients to streamline their finances with a second charge
Stewart Simpson, Second Charge Mortgage Specialist at Brightstar Financial In June 2022, the Bank of England’s (BoE) Monetary Policy Committee raised the base rate to 1.25%, in a move that came as a surprise to very few. While this is still a historically relatively...
