In episode 13 of the Growth Series podcast, Jeremy Duncombe, Director of Intermediaries at Accord Mortgages, is joined by Robert Sinclair, CEO of The Association of Mortgage Intermediaries, to discuss all things regulatory. Robert explains his organisation’s role in predicting how new government legislation will affect mortgage brokers and then protecting the commercial interests of the sector.

In terms of regulation and advice, Robert sees the Mortgage Market Study as highlighting key challenges that brokers could face in the near future. The study came up with four key areas to address: so-called ‘mortgage prisoners’, what brokers can do to accelerate the spread of technology into the industry, questions around the proper definition of advice, and how consumers can find the broker most appropriate for them. On the whole, trade bodies see the current regulatory state of the market as strong and fear that significant changes could actually worsen the deal for consumers.

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