What recent changes are affecting mortgage advice in the UK?
The mortgage advice landscape is undergoing significant changes as PKD Mortgage Network faces restrictions imposed by the Financial Conduct Authority (FCA). This situation raises questions about the future of mortgage advising and the implications for clients and advisers alike.
PKD Mortgage Network, established in 2020 and based in Chiswick Park, London, has been informed that it can no longer have any appointed representatives (ARs). The FCA’s directive requires PKD to stop all new regulated activities immediately and offboard its 11 ARs within 28 days.
This restriction comes at a time when the potential impact on mortgage pricing due to the US-Iran conflict has garnered significant attention, being the most read story this week. Such geopolitical tensions could influence inflation and lead to changes in base rates, further complicating the mortgage landscape.
As PKD navigates these regulatory challenges, other entities in the mortgage sector, such as Signature Property Finance and Cornerstone Finance Group, continue to operate. Signature Property Finance provides non-regulated bridging and development funding, which typically completes more quickly than traditional term facilities.
At the upcoming Expo on March 19, 2026, at Newport’s ICC Wales, members of the Cornerstone Network and invited guests will have the opportunity to discuss these developments. The Expo aims to enhance understanding of how various deals work from start to finish, emphasizing the collaborative nature of unregulated bridging.
Quotes from industry experts highlight the importance of teamwork in the mortgage sector. One speaker noted, “Success comes from the strength of the team around you,” underscoring the need for advisers to adapt and innovate in response to changing regulations.
As the industry evolves, it is crucial for advisers to recognize that a proportion of their existing clients may already be utilizing bridging loans, potentially with competitors. This reality emphasizes the need for mortgage advisers to stay informed and proactive in their service offerings.
Details remain unconfirmed regarding the long-term effects of these regulatory changes and geopolitical influences on mortgage pricing. However, the current situation presents both challenges and opportunities for mortgage advisers as they seek to navigate this complex environment.
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