If Mortgage Times had been closed I could have moved
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I am a former appointed representative of The Mortgage Times Group. Since the end of September 2009 I have been owed £3,500 by the network, £2,000 of which has been owed since last May. I was promised payment by the directors and the commissions department.
As with other ARs, the threat used against me was that if I moved on the firm would hold commission for a minimum of three months.
I’d like someone to explain to me why, after Revenue & Customs wanted to liquidate the group in November, the Financial Services Authority was not informed.
I had nearly 100 emails stating that I would be paid and yet I continued to be fobbed off. If these two giant organisations - R&C and the FSA - had spoken to each other I could have moved to another network.
I simply do not understand why, if R&C wanted to close the network due to lack of finance, the FSA allowed it to continue to trade and me to stupidly keep doing business with it.
ALUN THOMAS
THE RIGHT MORTGAGE COMPANY
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