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<p>The Financial Conduct Authority (FCA), which is operationally independent of Government,
has responsibility for the conduct regulation of shared appreciation mortgages. The
FCA sets the rules regarding the information that must be disclosed before, during
and after sale of mortgages and, in addition, the jurisdiction of the Financial Ombudsman
Service (FOS).</p><p> </p><p>Products like shared appreciation mortgages have been
regulated since 2004 when wider mortgage regulations were first introduced, however
a consumer’s right to pursue redress through legal channels is unaffected by the jurisdiction
of the FOS. Anyone considering this option should consider seeking independent legal
advice.</p>
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