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Service to help brokers meet TCF regulations

Brokers can monitor their compliance with the Financial Services Authority’s Treating Customers Fairly initiative with a new health check offer from compliance specialist MS2M.

The service is based on a questionnaire that uses a traffic light system to help brokers identify the systems and processes they need to review to ensure full compliance with the regime.

MS2M collates the questionnaire results, which are accessible to lenders and the FSA on an anonymous basis. This means that brokers’ names will not be attributed to their performance outcomes.

The questionnaire costs £695 and takes about an hour to complete. MS2M returns results with advice on how brokers can ensure they are compliant in areas where they fall short of the regulator’s standards.


Paradigm adds Banco Halifax Hispania to its lender panel

Paradigm Mortgage Services has added Banco Halifax Hispania to its lender panel.It means Paradigm members will be able to access Banco Halifax’s range of mortgage products available for clients looking to finance a property in Spain. The products include variable and fixed rate mortgages, interest-only up to 15 years, mortgage terms up to 40 years, […]

Don’t get carried away by Property Prices

Nationwide have just released their latest house price report showing that prices have fallen for the fourth month in a row.The annual rate of house price inflation was 2.7% in February, down from 4.2% in January, and the lowest since November 2005.The good news is that they go on to suggest that “It is encouraging […]

Propertyfinder website hits rise has reported a 104% increase in home mover traffic. After a lull at the end of 2007, visits to the website soared in January, with rental properties particularly in demand.

Labour leads us forward to the 1960s

It may not be Gordon’s Gin that the Prime Minister is quaffing but there’s a drink problem in London that might explain why the country is going to the dogs.


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