Call For Inputs On Competition In The Mortgage Sector Casts The Net Wide

The FCA has issued a call for inputs (CfI) on competition in the mortgage sector. The scope of the CfI is very wide and goes beyond the selling of mortgages to consumers, encompassing all lending secured by property, as well as the effect that access to wholesale funding has on lenders' abilities to operate. The information which the FCA receives from the CfI will be used to shape its market study into the mortgage market, which it intends to launch during the first quarter of 2016.

The questions being asked by the CfI are extremely broad and are grouped into three categories:

• Demand side topics: which focus on how customers go through the process of deciding to get a mortgage, choose a provider and a product;