Regulatory AlertsCP20/13: Removing barriers to intra-group switching and helping borrowers with maturing interest-only and part-and-part mortgages
The Financial Conduct Authority issued consultation paper CP20/13 to address barriers to intra-group mortgage switching and support borrowers with maturing interest-only and part-and-part mortgages. The document outlines proposed policy changes and new Handbook rules aimed at improving market competition and consumer protection in these specific mortgage segments. The consultation period closed on 8 September 2020, with final policy statements and rules expected by 23 October 2020.
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