Chris Woolard, executive director of strategy and competition at the UK’s Financial Conduct Authority, has warned mortgage bankers about the explosive grow in the lifetime mortgage section of the market — a move driven partly by regulatory changes for the UK’s life insurers.
Woolard said, speaking to the UK Finance Annual Mortgage Conference, that sales of the products have nearly doubled over the last five years, with the products on offer proliferating. He said that as of August, 139 products were available, compared to 58 in 2016, and just 24 in
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.