FCA: Brokers have a ‘hugely important’ role in mortgage advice
Mortgage brokers and advisers have a “hugely important” role to play in helping more Britons on to the housing ladder, the FCA has said.Speaking on the latest FT Adviser Margin Notes videocast, David Geale, the FCA’s permanent executive director for payments and digital finance, explained the reasons the regulator is looking at the future of mortgage lending in the UK.Geale also discussed how technology and AI could be used more to help lenders and brokers in their decision-making.He said: “We see AI developing as a tool, and that can be used in different ways. It can be used to help some…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.