MORTGAGE & PROTECTION
Although mortgages have been around for centuries, it wasn’t until 2004 that mortgages became a regulated product for the consumer market. Under the Financial Services and Markets Act 2000, the conduct of mortgage lenders is subject to regulation by the FCA.
Furthermore, mortgage lenders are subject to prudential regulation, which outlines the capital required by lenders to offset lending risks and mitigate wider financial instabilities. All home-owner mortgages are 100% regulated by the FCA and Richdale works with lenders across the UK to provide full compliance support and monitoring, ensuring the fair treatment of mortgage customers.