Product transfers (PTs) have dominated the mortgage refinance landscape in recent years as higher and rising interest rates made affordability calculations more challenging. As straightforward PTs do not require an affordability check they became the default choice for many borrowers reaching the end of their fixed term mortgage and needing a new deal.

So, this is almost Christmas, and what have we done?

Probably for most, the annual board report addressing Consumer Duty was a snapshot piece of work that may or may not have highlighted areas where there were potential gaps and shortfalls.

With days to go before the Autumn Budget, the rumour mill about what may or may not be included in it has gone into overdrive.