Report comment

If YBSG has underwritten mortgages properly they would have very little reason to call on the firm or their insurer.

There is a question as to whether this is an FCA compliant action by YBSG as it could breach treating customers fairly rules. This rule can restrict who consumers chose to act on their behalf which is a fundamental right of the client.

The time had come for institutions to be responsible for their own business risk and the profession to stand up to the CML pressure group.