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Three-quarters want FSA to look at retail sector

Three-quarters of Mortgage Strategy Online readers think the Financial Services Authority should carry out a detailed audit of the sales and advice process in the retail mortgage sector.

The FSA was criticised last week for failing to carry out such a review nearly a year after becoming the industry’s regulator.

Although the regulator has cast its eye over the intermediary sector, many believe consumers would benefit more from an investigation into practices used by lenders in the high street.

This week MS asks: Will you continue to use Bank of Scotland’s large loan tracker product despite the launch of BM Solutions’ 3.75% two-year rate?

Visit www.mortgagestrategy.co.uk to have your say.

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