Financial Services: Mortgages
Commons · Question 18707 · Tabled 9 Dec 2024 · Treasury · Official record
Answered 16 Dec 2024
Question
Asked by Nick Timothy
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the regulation of mortgage brokers.
Answer
Answered by Tulip Siddiq, 16 Dec 2024
The Financial Conduct Authority (FCA), which is independent of Government, is responsible for the regulation of mortgage brokers in the UK. Mortgage brokers must either be authorised by the FCA or become an appointed representative of another firm that ha...