The UK Government defines the FCA or Financial Conduct Authority as being the body responsible for;

“the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.”

The FCA regulates the conduct of about 58,000 businesses in the UK involved in Financial Services. As a proud member of the FCA, Mortgage Required is one of those businesses.

The FCA’s purpose is to ensure that the relevant financial markets function well and that consumers and the integrity of the market as a whole are protected.

The FCA is an independent public body funded entirely by the firms they regulate, through the charging of fees. However, they are accountable to the Treasury, which is responsible for the UK’s financial system, and to Parliament.

Mortgage Required is authorised and regulated by the FCA 573718

For more information go to the FCA Website - www.fca.org.uk

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Recent posts

The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income. 

According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes. 

More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.

There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.

The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers. 

Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer. 

A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.

Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.