Call for inputs on competition in the mortgage sector
Last updated: 21 Dec 2015
- Consulting body:
- Financial Conduct Authority
- Period of consultation:
- Runs from 7 October 2015 to 18 December 2015
- CML action:
- Response submitted
We have responded to the FCA's call for inputs on competition in the mortgage sector and note that, overall, the UK mortgage market is very competitive. There are thousands of different mortgages with varied features on offer, from well over a hundred lenders including new market entrants such as challenger banks.
This is a market where creditworthy borrowers can, on the whole, transact pretty freely. But there is always room even for competitive markets to be even more competitive.
Download our full response below.