March 10, 2020 / 11:06 AM / 24 days ago

UK watchdog to help customers switch to better mortgage deals

LONDON, March 10 (Reuters) - There is a case for intervening in Britain’s mortgage market to help customers switch to better deals, the Financial Conduct Authority said on Tuesday.

“Based on our research, we believe there is a case for intervening to help mortgage customers who do not switch. We will issue a consultation paper on potential remedies later this year,” the FCA said in a statement on its website. (Reporting by Huw Jones; Editing by Alex Richardson)

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