FCA plans market changes to make it easier to switch mortgages

The UK’s Financial Conduct Authority (FCA) has outlined its intentions to shake up the mortgage market.

The announcement came after a 2019 study by the watchdog found that up to 800,000 people have £ 1,000 left out of their own pockets each year.

The FCA wants to encourage mortgage holders to switch and save

According to a follow-up study published by the FCA this week, poorer and older households cannot switch mortgage providers even when better deals are available …

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