The study will assess lenders, brokers and other debt providers in a bid assess whether competition is working well and whether intervention is necessary to provide better outcomes for consumers.
Speaking at the FCA's first mortgage conference this morning in central London Christopher Woolard, director of strategy and competition at the FCA, said: “We need to make sure the market is working well and that where it’s appropriate and sensible that regulation remains proportionate.
“One of the most important things we need to ensure is that even where we think we are doing that, actually, what is the real effect happening out in the market in terms of the way firms react to regulation we impose?
“That is one of the reasons why we are planning to launch a market study looking at the mortgage market which will include a review of key implementation of the MMR.”
The latest study is in addition to the second Mortgage Market Review market review into responsible lending which follows the first MMR review into mortgage advice provision published earlier this summer.
It will sit alongside a broader government-led review into the provision of wider financial advice following the Retail Distribution Review.
