Mortgage Fraud Controls: The Case for Responsible AI
The FCA reports that financial firms closed 238,396 suspected money mule accounts in 2025. Its findings suggest criminal funds may move through several accounts before being cashed out, making early identification and intelligence sharing increasingly important. Although the review concerns banking and payments, the message is highly relevant to mortgage firms handling identity documents, deposit […]
Protection Advice Faces a Consumer Duty Test
The FCA says around 58% of adults hold no life insurance, critical illness cover or income protection, and it is working with industry, government and consumer groups to improve financial resilience. The Association of Mortgage Intermediaries is expected to lead work on helping advisers improve protection conversations, while mortgage-industry commentary has highlighted unemployment cover and […]
AI Credit Models Need Human Specialist-Lending Oversight
Specialist lending remains active despite wider affordability pressure. ModaMortgages has launched a limited-edition buy-to-let range with reductions of up to 10 basis points, while Leek Building Society has repriced holiday-let and limited-company buy-to-let products. Meanwhile, industry discussion on credit risk highlights the continuing importance of understanding complex cases rather than treating affordability as a purely […]
Mortgage Rates Near 6%: AI Can Improve Repricing Conversations
Average fixed mortgage pricing continued to move higher, with Moneyfacts reporting a typical two-year fix at 5.92%, up from 5.84% a week earlier and at its highest level for more than two years. Lenders including Halifax, Barclays and HSBC were also reported to have repriced, although Skipton Building Society cut rates across its fixed range […]