We welcome the FCA paper and agree with the spirit of the consultation which addresses a potential gap in protection for consumers choosing to apply for home finance via a Peer to Peer (P2P) platform.  We welcome new entrants as competition and innovation are the sign of a healthy market place. However, it is key that any new entrants are held to the same high regulatory standards as the incumbents to maintain a level playing field, and importantly, ensure that all consumers no matter the origination of their home finance have the same protections.   

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