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Rule change regarding licence categories for mortgage brokers

Posted by H3 on 2014-03-04 09:15:47 GMT

The FCA has now confirmed that mortgage brokers will not require the CCL categories D and E for debt adjusting or debt counselling.  Previously mortgage brokers required these categories for consolidating unsecured debts on a re-mortgage.   

The change will result in a saving on the application fee as a result of not needed these higher risk categories.  At last some sensible action from the regulator!