Sheila Nicoll, FSA director of conduct policy has delivered a speech on the "FSA Mortgage Market Review: What it means for intermediaries". Ms Nicoll discusses:

  • Improvements the FSA has made since last year's Mortgage Market Review Discussion Paper
  • Responsible lending
  • Interest-only lending
  • Distribution (the FSA will publish a consultation paper shortly)
  • The role of advice and professionalism
  • The extension of the Approved Persons regime to the mortgage market.
  • The scope of service labels
  • Disclosure
  • Suitability letters