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FCA Investigates Collapse of £1.3 Billion Mortgage Lender

3/20/2026

Summary

Story summary

The Financial Conduct Authority has opened an enforcement investigation into Market Financial Solutions.
Market Financial Solutions, a London-based mortgage lender, collapsed and entered administration in February, owing creditors over £1.3 billion.
The FCA said Market Financial Solutions was registered only for anti-money laundering, not broader financial oversight.
The collapse has unsettled banks and private credit funds, prompting the Bank of England to seek information on loans to Market Financial Solutions.

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Story summary

The Financial Conduct Authority has opened an enforcement investigation into Market Financial Solutions.
Market Financial Solutions, a London-based mortgage lender, collapsed and entered administration in February, owing creditors over £1.3 billion.
The FCA said Market Financial Solutions was registered only for anti-money laundering, not broader financial oversight.
The collapse has unsettled banks and private credit funds, prompting the Bank of England to seek information on loans to Market Financial Solutions.