FCA proposes temporary financial relief for customers impacted by coronavirus

https://www.fca.org.uk/news/press-releases/fca-proposes-temporary-financial-relief-customers-impacted-coronavirus   The Financial Conduct Authority (FCA) has today proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus. This package is intended to complement measures already announced by the government…

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Forbearance Measures

In response to the Covid-19 pandemic, the UK Government announced forbearance measures for homeowners and tenants. For homeowners, this would be a payment holiday of up to 3 months and for tenants, security of tenure as landlords would not be permitted to take eviction action for the next 3 months. UK Finance, on behalf of…

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Snapshot from Quadrin Valuations

Another blow to UK property After nearly three years of uncertainty for the UK markets with Brexit deliberations and the modest increase in confidence once the final direction was set, residential and commercial property markets have now entered new unchartered waters. Lagging some 1 to 2 weeks behind the EU markets regarding reaction by Governments,…

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Quadrin’s Regulatory Insights

The FCA, in its recently published consultation: CP19/28 – ‘Motor finance discretionary commission models and consumer credit commission disclosure’, is consulting on proposals to:   Ban commission models that can give brokers and motor dealers an incentive to increase a customer’s interest rate, and Amend parts of its rules and guidance relating to the disclosure…

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Quadrin’s Regulatory Insights

GC19/3 (23rd July 2019): Guidance for firms on the fair treatment of vulnerable customers. This is the FCA’s first consultation on draft guidance for firms on the fair treatment of vulnerable customers. The consultation is open until 4th October 2019. A second stage consultation with revised guidance will follow, with final guidance expected in 2020…

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Brexit Dominating Property Markets

Brexit again dominating property markets and sentiment generally around London. Whilst uncertainty is resulting in lower Residential demand, BIG increases in demand for warehousing and Industrial sites towards the coast of the UK particularly around Kent and regions where there are big Ports and distribution channels to the EU. London and Eastern  warehouses and Industrial…

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