Brokers accuse FCA of lender bias

Mortgage intermediaries blame the vast differences in the way lenders are implementing the new affordability rules and assessing borrowers' outgoings on the vague nature of the Mortgage Market Review (MMR). They say the problems have been caused because the regulator has a lack of understanding on how the mortgage market works. Dominik Lipnicki, director of Your Mortgage Decisions, said: "A regulator would regulate better if some of the people working for it had actually done the job and knew exactly how the market worked. "If we had a better voice inside the FCA or if we had been ...