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FCA calls on second charge market lenders to improve practices


By Michael Griffiths

The Financial Conduct Authority (FCA) has published a review into the second charge mortgage market and called on lenders to improve their practices.

Both lenders and brokers in the second charge mortgage sector need to consider “how they advise customers, assess affordability and charge fees”, the regulator said


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472 mortgage products withdrawn in 48 hours

A total 472 residential mortgage products have been withdrawn from the market by lenders in the space of 48 hours, according to figures from Moneyfacts

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Revolut secures UK banking licence

Revolut has received regulatory approval from the Prudential Regulation Authority (PRA) to launch as a bank in the UK

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Concept Capital Group placed into administration

The Financial Conduct Authority (FCA) has announced that the High Court has placed the static homes investor, Concept Capital Group (CCG), into administration

One in five investors going against financial adviser’s recommendations

Over one in five investors (23%) are risking poor financial outcomes by going against the recommendations of their financial adviser, new research from Scottish Widows has revealed

Number of maxed cash ISAs more than doubles

The number of maximised cash ISAs more than doubled in 2022/23 to 1.46 million, ahead of changes coming into effect for annual contributions, Murphy Wealth has found
Advice firms adjusting planning approaches amid CGT threshold changes

Financial advice firms are overhauling their planning approaches following continued reductions to capital gains tax (CGT) thresholds over the past three years, analysis from Financial Software Limited (FSL) has shown

UK’s mortgage stock valued at £1.73trn – BoE

The outstanding value of all residential mortgages ticked up by 0.8% in Q4 2025 to a record £1.73trn, new Bank of England (BoE) figures have estimated

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Advice firms adjusting planning approaches amid CGT threshold changes

Financial advice firms are overhauling their planning approaches following continued reductions to capital gains tax (CGT) thresholds over the past three years, analysis from Financial Software Limited (FSL) has shown

Half of financial advice consumers are increasingly worried about tax

Over half (53%) of UK consumers who have engaged with financial advice in the last three years are more worried about tax now compared to a year ago, Wealthtime has found

IHT receipts remain on track for record year

Inheritance tax (IHT) receipts totalled £7.1bn between April last year and January, with the latest figure signalling another record haul, HMRC has revealed

Average FTB relief claimant paid over £4k in stamp duty last year

The average stamp duty charge paid by a first-time buyer relief claimant was £4,073 among those who had liable transactions in 2024/25, new Freedom of Information (FOI) data has shown

Concept Capital Group placed into administration

The Financial Conduct Authority (FCA) has announced that the High Court has placed the static homes investor, Concept Capital Group (CCG), into administration

FCA posts warning on firm’s ‘unsuitable’ financial advice

The Financial Conduct Authority (FCA) has issued a warning that HDH Investment Services may have given unsuitable financial advice to some of its customers

FCA outlines proposals to close gaps in borrowers’ credit files

The Financial Conduct Authority (FCA) has set out new proposals to give lenders access to more comprehensive information to support lending decisions by closing gaps in borrowers’ credit files and ensuring these more accurately reflect people’s financial circumstances. The regulator said it was consulting on designating credit reference agencies (CRAs)

Landlords still unsure of how RRA changes will work in practice

Almost three quarters (73%) of landlords are still unsure about aspects of the Renters’ Rights Act (RRA), Paragon Bank research has found

Revolut secures UK banking licence

Revolut has received regulatory approval from the Prudential Regulation Authority (PRA) to launch as a bank in the UK

One in five investors going against financial adviser’s recommendations

Over one in five investors (23%) are risking poor financial outcomes by going against the recommendations of their financial adviser, new research from Scottish Widows has revealed

Number of maxed cash ISAs more than doubles

The number of maximised cash ISAs more than doubled in 2022/23 to 1.46 million, ahead of changes coming into effect for annual contributions, Murphy Wealth has found

Bridging finance lending remains resilient – BDLA

Applications for bridging finance reached £11.7bn in Q4, a 2.6% increase on Q3’s total, according to new figures released by the Bridging & Development Lenders Association (BDLA). The trade body said the bridging sector had “continued to demonstrate resilience” at the end of 2025, against a backdrop of uncertainty surrounding the Autumn Budget

St Aubyn Estates pension scheme completes £1.2m ‘micro’ buy-in with Just Group

The Pension and Life Assurance Plan of Godolphin Company Limited, sponsored by St Aubyn Estates, has secured a £1.2m ‘micro’ buy-in with Just Group using Isio’s PenUltimate Micro framework

Safeway Pension Scheme secures £80m buy-in with Canada Life

The Safeway Pension Scheme has completed an £80m buy-in with Canada Life, insuring the benefits of over 350 deferred members and 1,450 pensioners

Self-employed workers more than twice as likely to think they will never retire

Self-employed workers are more than twice as likely as employed workers to believe they will never retire, according to research from the Get Britain Pension Ready campaign

Senior plc Pension Plan secures £180m buy-in with M&G

The Senior plc Pension Plan has completed a £180m buy-in with M&G, securing the pension benefits of over 3,000 members

Cash ISA ‘best buys’ can disappear in weeks

Savers have been warned to closely watch fixed-rate cash ISA "best buys" as rates can change quickly, Investec Save has stated

70% of JISAs belong to children aged five to 14 – AJ Bell

Seventy per cent of contributions made to the 1.3 million junior ISAs (JISAs) held in the UK are towards those owned by children aged between five and 14 years old, AJ Bell has revealed

Royal London reports annual net inflows of £4.1bn

Royal London has reported that its net inflows totalled £4.1bn in 2025, as the mutual returned to growth following £1bn in outflows in 2024

News in brief - 6 March 2026

Today's round up of developments coming out of the consumer finance space, featuring London Credit, Fleet Mortgages and Nationwide

Majority of human underwriting can be performed by AI – MQube

Seventy per cent of traditional mortgage underwriting tasks can now be performed by artificial intelligence (AI), MQube has revealed

Mortgage Magic launches AI criteria sourcing to end ‘PDF fatigue’

Mortgage Magic has launched AI-powered criteria sourcing to enable brokers to instantly match a client’s specific circumstances against thousands of lender rules

Advise Wise launches new Referral Hub

Advise Wise has announced the launch of its new collection of trusted specialists, Referral Hub

Twenty7tec launches upgrade to RESEARCH platform

Twenty7tec has launched ADAPT, a premium upgrade to its RESEARCH platform designed to help advisers stay ahead of product withdrawals, rate changes and criteria shifts in the mortgage market

Acre upgrades Nationwide functionality

Intermediary platform Acre has announced an upgrade in its functionality with Nationwide which will give brokers the ability to submit full mortgage applications

The Retirement Studio launches as AR of Rosemount Financial Solutions (IFA)

The Retirement Studio has launched as a protection and financial planning appointed representative (AR) at network, Rosemount Financial Solutions (IFA)

News in brief - 12 March 2026

Today's round up of developments coming out of the consumer finance space, featuring Aspen, Landbay and Mattioli Woods

News in brief - 11 March 2026

Today's round up of developments coming out of the consumer finance space, featuring Hanley Economic Building Society, Access Financial Services and BuildLoan

BLOG: Are added-value services the key to engaging clients in protection?

Scottish Widows Protection Director, Rose St Louis, discusses how reframing protection conversations can help to engage clients

BLOG: Award-winning lending, built brick by brick

Saffron for Intermediaries discusses its latest lending offering on the MoneyAge blog

BLOG: Doing Good is Good Business

MoneyAge Awards winner Bespoke Advice discusses the key fundamentals of good financial planning in our latest blog piece

Lending with a difference: A conversation with Family Building Society’s Nathan Waller

With demand growing for more flexible mortgage solutions, Family Building Society is carving out a strong reputation in later life, family-assisted, and buy to let lending. We speak to Nathan Waller, Business Development Manager at Family Building Society, to discuss how they’re supporting brokers, addressing complex borrower needs, and adapting to an evolving market.

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Later Life Lending: It’s more than just equity release or retirement interest only (RIO)

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