As the FCA’s Consumer Duty embeds deeper into financial services, mortgage advisers are increasingly focused on how to identify and support clients in vulnerable circumstances. How should firms effectively document and evidence their approach in a way that meets both the spirit and letter of the FCA’s expectations? 

I am delighted to announce my appointment as the new Chair of the Society of Mortgage Professionals (SMP), effective from 1st April 2025. This is both an honour and a responsibility that I embrace with enthusiasm and commitment to our profession.

The reduction in the First-Time Buyers (FTB) nil-rate Stamp Duty Land Tax (SDLT) band from £425k to £300k was unwelcome news for the FTBs who will now need to pay up to £6,250 in Stamp Duty. But with that change implemented, you might be wondering what that means for first-time buyers. Well, it means they need our help more than ever. Let's dive into why the first-time buyer market didn't collapse on 1st April and what we can do to keep the momentum going.

The rapid evolution of technology, particularly in artificial intelligence, is reshaping the UK mortgage market in many ways. Mortgage advisers need to be at the forefront of this transformation, and understanding these changes is crucial for staying competitive. Over the next few years, the integration of AI-driven tools and advanced digital platforms will not only streamline processes but also revolutionise how advisers interact with their clients.