MSTV: Alan Cleary on why more lender fines are on the way
Share
In this edition of Mortgage Strategy TV, we speak to Alan Cleary, managing director of Precise Mortgages, about why he expects more lenders to receive Financial Services Authority fines this year.
Cleary says there are at least six lenders in enforcement over their handling of customers in arrears and he expects the FSA to issue fines to some of these in 2011.
Cleary also discusses Precise’s plans for 2011 and why he thinks gross lending could be lower this year than in 2010.
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
