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|CML responds to FCA review of mortgage advice and distribution|
|Thursday, 09 July 2015|
The Council of Mortgage Lenders (CML) welcomes the conclusion by the Financial Conduct Authority (FCA) in its thematic review of mortgage advice and distribution, published today, that it “did not identify systemic consumer detriment.”
The FCA found that in a majority of cases (59%) where advice was provided customers were given a suitable mortgage recommendation. In only a very small number of instances (3%) was a recommendation judged to be unsuitable.
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