The Financial Conduct Authority will elevate fees for mortgage lenders and brokers by 2.4% following a 9% hike final year.
The City regulator, in its annual fees and levies paper, says its total annual funding requirement has risen by 3.8% to £783.5m for 2025/26 from £755m final year.
Fees payable by mortgage lenders and brokers, each of which fall into the A.18 group “residence finance suppliers, advisers and arrangers”, are available in at £23.5m for 2025/26.
This is up by 2.4%, or £500,000, from £23m a year in the past.
The regulator provides that for the Financial Ombudsman Service the minimal flat fee levy for mortgage advisers rises to £95 in 2025/26 from £85 final year, which is able to elevate an estimated £470,815.
Lenders and brokers within the A.18 cohort may also pay cash steerage levies amounting to round £330,000 in further prices, up 32% on a year in the past.
In April, the regulator stated it will assist “carry progressive services to market quicker” because it started the primary year of its new five-year plan.