Homeowners invest a lot of efforts, money and time to finally get the keys of their own home. However, some of the homeowners still decide to refinance their mortgage. Refinancing your mortgage implies that you pay off the current loan and replace it with another one. There could be several reasons why homeowners refinance: To …
Syracuse Refinance: Benefits of Refinancing Your Mortgage Read More »
A decade is coming to an end and with it ten years of compliance fines. Following the global financial crisis of 2007/2008, we have seen the full force of authorities coming down on financial institutions for the wrongdoings prior the events that brought the financial world to the brink of collapse. A record decade of …
The Prudential Regulation Authority (PRA) today published a regulatory digest for the month of March. The digest is for people interested in the UK financial services industry and highlights key regulatory news and publications delivered for the month. The March top news and publications include: Equity release mortgages – DP1/16 Underwriting standards for buy-to-let mortgage contracts – CP11/16 Financial Policy Committee and Prudential Regulation Authority publications on Tuesday 29 March 2016 New accountability …
The PRA has published a Policy Statement on amendments to the PRA’s rules on loan to income ratios in mortgage lending – PS11/16. This Prudential Regulation Authority (PRA) policy statement (PS) sets out final rules intended to keep second and subsequent charge mortgage contracts excluded from the loan to income (LTI) flow limit, following the implementation …
PRA amends rules on loan to income ratios in mortgage lending Read More »
The FCA today published PS16/7: Future regulatory treatment of CCA regulated first charge mortgages. In this Policy Statement, the FCA reports on the main issues arising from Consultation Paper CP15/36 (Future regulatory treatment of CCA regulated first charge mortgages) and publishes the final rules. The regulator issues this paper, since in November 2015 it consulted on …
FCA outlines future regulatory treatment of CCA regulated first charge mortgages Read More »
The FCA today published the Policy Development Update – Issue 30. The document provides information on: publications issued since the last edition information about recent Handbook-related and other developments other publications – consumer publications, guidance consultations and finalised guidance an updated timetable for forthcoming publications This month the Policy Development Update includes an updated timetable for future …
The FCA has published its monthly e-mail to all regulated firms with an update on the latest news that affect the sector. The paper can be found here. This month’s hot topics include: Packaged Retail and Insurance-based Investment Products (PRIIPs) – The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation is a major piece of …
The FCA has published the consultation paper CP16/2: Mortgage Credit Directive: Minor changes to our rules and guidance. The paper aims to set out a number of proposed changes to our Handbook, in particular to the Perimeter Guidance manual (PERG) and Glossary of terms. We are also proposing changes to rules and guidance in the Mortgage and …
FCA consults on rules and guidance on Mortgage Credit Directive Read More »
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