The FCA’s cost limit can be defined as a calculated intervention that is maybe perhaps perhaps not likely to undermine the HCSTC market over time by disproportionally favouring borrowers.
This can be point that the FCA highlighted regularly in its cost cap implementation document especially within the context of standard fees. Although a lot of participants towards the initial consultation in the cost limit (FCA 2014b) criticised the proposed fixed ВЈ15 cumulative standard costs for becoming an inflated plus an unreasonable estimate associated with the real price of standard, the FCA maintained its cap on standard costs at ВЈ15 (FCA 2014a). Continue reading In this respect, it may be recommended that the FCA had been careful for the hard stability that embedding HCSTC market requires