MMR costs in the millions: Phoebus

Published on

By admin

Phoebus Software has warned that the cost to the mortgage industry of preparing for MMR is likely to be in the millions of pounds.`

It cites the FSA’s recent feedback and final policy on Arrears and Approved Persons in the Mortgage Market Review update which said: “One TPA stated one-off costs for following this guidance of £1.6m for system development

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

House prices

East Midlands newbuild prices fall as developers respond to weaker demand

The average asking price of newbuild homes coming to market in the East Midlands...
Appointments

Principality adds final piece to BDM team with London & SE appointment

Principality Intermediaries has announced the appointment of Melissa Burke as business development manager for...
Development finance

Arc & Co. secures £16.4m loan for Fareham premium care home development

Specialist debt and equity advisory firm Arc & Co. has completed a £16.4 million...
Appointments

Former Wales and Lions rugby star joins Howden

Howden has appointed former Wales and British & Irish Lions rugby player Dafydd James...
News

Reeves weighs property tax overhaul to replace stamp duty

The Treasury is examining plans for a new levy on homes worth more than...

Latest publication

Latest opinions

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Other news

House prices

East Midlands newbuild prices fall as developers respond to weaker demand

The average asking price of newbuild homes coming to market in the East Midlands...
Appointments

Principality adds final piece to BDM team with London & SE appointment

Principality Intermediaries has announced the appointment of Melissa Burke as business development manager for...
Development finance

Arc & Co. secures £16.4m loan for Fareham premium care home development

Specialist debt and equity advisory firm Arc & Co. has completed a £16.4 million...

OPUS FIRST MEDIA

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Tel: 020 8555 6717
Company no: 15781688

SOCIAL MEDIA

OUR TITLES

MORTGAGE SOUP
PROPERTY SOUP

LINKS

ABOUT
CONTACT
ADVERTISE
TERMS & CONDITIONS
PRIVACY POLICY