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Lifelink to become principal under FSA regime

The Lifelink Group says it will apply for principal status under forthcoming FSA regulations.

The firm currently has 300 member firms transacting general and mortgage business and says that it will continue to give its membership access to the entire Life, general and mortgage markets under FSA regulations.

Mike Gosnell, director of Lifelink, says: “We cannot see how the company&#39s future appointed representatives can effectively operate in this competitive market without access to all the products that the market can offer.”


AMI plans leads factsheet

The Association of Mortgage Intermediaries is planning a best practice factsheet on lead generation after several brokers lost hundreds of pounds on poor quality leads. Mortgage Strategy has received dozens of calls from brokers owed money by lead generation firms in recent months. Having failed to get back money they paid for leads that never […]

Opus warns of bleak Christmas

Opus Mortgage warns that thousands of consumers in the UK face the prospect of a bleak Christmas and New Year as the equity in their homes is eaten away by personal debts spiralling out of control. Alarming evidence collated from the mortgage and secured loan applications of 2,000 consumers in the UK reveals that 20% […]

Lib Dems warn against Xmas debt

A survey by abbey has shown that one in four Britons are bank rolling Christmas this year with credit cards and loans, spending an average £446 each. The Liberal Democrats have called on borrowers to heed the words of Mathew Barrett, chief executive of Barclays, and not to pile up debts on expensive credit cards. […]

Records should be kept for six years

Mortgage brokers have been warned to keep client business records for at least six years in anticipation of consumer complaints or civil claims. Speaking at the Preferred Mortgages seminar on regulatory options in London last week, Chris Cummings, director of AMI, Bill Warren, network director at Complete Mortgage and Loan Services and Philip Ryley, head […]


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