The gender pay gap has never been more in the spotlight, with the financial services sector one of the worst offenders. The mortgage market is no exception. At least, that is the case for most mortgage lenders, which are required to report this information due… The post Cover feature: Pay slip – exploring the gender pay gap appeared first on Mortgage Strategy.
July 2023 marks the second anniversary of Consumer Duty, the FCA’s tentpole regulation designed to set higher standards for financial services and drive better customer outcomes. Two years on, some firms have seized the opportunity to stay closer to clients and made good progress in… The post Blog: Consumer Duty two years on – are we closer to the change regulator wants to see? appeared first on Mortgage Strategy.
Raising borrowers’ mortgage loan-to-income limits without the UK boosting its housing supply risks raising house prices, warns the governor of the Bank of England. “I think this is very important. We have said for a long time that the major constraint in our view… The post Looser LTI limits without higher homes supply risks house prices: BoE Bailey appeared first on Mortgage Strategy.
The Equity Release Council is set to launch a practitioner toolkit in November this year, which is designed to embed vulnerability best practice across the distribution chain. The document will feature structured specific guidance for a range of vulnerable circumstances, adviser prompts and real-life scenarios.… The post ERC set to launch practitioner toolkit for vulnerability best practices appeared first on Mortgage Strategy.
Suffolk Building Society has joined Mortgage Broker Tools’ platform, marking the mutual’s inclusion on almost every sourcing system on the market. The move adds the full range of the lender’s products across the member’s hub, which passed two million affordability searches in April after… The post Suffolk BS joins Mortgage Broker Tools platform appeared first on Mortgage Strategy.
