Online mortgage broker Trussle is currently in the early stages of talks with the Financial Conduct Authority (FCA) to potentially overhaul the mortgage application process; the plan that Trussle is pitching to the FCA is to help standardize documents needed in a format that they are needed in; Mr. Mahli told FTAdviser: “There’s an unnecessary inefficiency in the way mortgage applications are packaged and submitted, which varies wildly from lender to lender. Uncertainty is the last thing a buyer wants when making what’s often the biggest financial decision of their life.”; currently the FCA will not comment on talks that are in such a nascent stage. Source
