Campaign group

Brightstar to campaign for smarter FCA advice rules




Specialist distributor Brightstar has launched a new campaign to help the thousands of borrowers who wrongly believe they cannot get access to finance.

The ‘Could You? Would You? Should You?’ campaign aims to raise awareness of the specialist options available to borrowers with complex requirements or that have been turned down for mainstream deals.

As part of the campaign, Brightstar will lobby for the regulation of advice from both the Financial Conduct Authority (FCA) and the Treasury.

The firm claimed that FCA regulation did not go far enough in expanding mortgage advice across all finance options, and that advisers had a moral obligation to inform consumers of what is available.

The news comes after figures revealed that 350 mortgages were declined every day in 2016.

“This campaign means supporting ‘credit crushed’ borrowers across the specialist loan market,” said Michelle Westley, head of marketing at Brightstar Financial.

“It means telling the FCA and Treasury to fix their rules to ensure all borrowers are given access to professional advice on the full range of options, not just mainstream products.

“And it means educating consumers about the role of specialist finance and the innovative solutions available to them.”

Leave a comment