On 27 August 2019, the UK Financial Conduct Authority set up a working group to help the mortgage industry deal with the implementation of its proposed new rules, set out in consultation paper 19/14, to deal with so-called ‘mortgage prisoners’.
The FCA has published a website (which it will update) summarising the discussions with the working group.
The current members of the group are:
– Building Societies Association
– UK Finance
– Ipswich Building Society
– Buckinghamshire Building Society
– Furness Building Society
– Tipton and Coseley Building Society
– West Bromwich Building Society
– OneSavings Bank
– UK Asset Resolution Ltd.
– Leeds Building Society
– Kensington Mortgages
– Yorkshire Building Society
– Link Asset Services
– Mortgages Plc