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Cartel granted FSA authorisation from M-Day

The firm has been granted permission under part IV of the Financial Services and Markets Act 2000. The notice confirming authorisation will be effective from October 31 2004.

With the number of applications for direct authorisation being significantly lower than first anticipated Cartel believes that the future, under the new regulatory framework, will provide significant opportunities for the group, the company, its head office staff, the salaried advisers currently working for the firm and those joining in the future.

Cartel&#39s compliance director John Rattigan says: “We are looking forward to M-Day. A lot of work has been done so far within the group to get us to our current position but this is only the start. We believe that the fully employed mortgage adviser proposition, with a basic salary plus bonuses, has served us well to date and is the best way to embrace the new

regulations. Cartel is one of the few companies in the UK offering an extremely high basic salary with a commission bonus. With continued recruitment for these positions our growth will be based on solid foundations.”


Can you have a pop to win this great

Can you put the boot in to your nearest and dearest to win this amazing ipod courtesy of Kensington Mortgages? You could soon be dancing your socks off to this amazing music player by simply sending your suggested caption to Mortgage Strategy. Send in a witty caption to the photo above left and you will […]

House prices fall for third month, reveals NAEA

Over three quarters of estate agents confirmed that they believe prices have reached their peak. Asking prices were on average 1.3% lower than the previous month and, further confirming the much-anticipated slowdown in the market, the annual increase in house prices was 8.5%, down from 10.3% the previous month. In addition, 79.6% of estate agents […]

Stroud & Swindon launches two-year fixed rate mortgage

Some of the features of the product include free valuation on properties valued up to £600,000, discounted legal fees package available for remortgages, no early repayment charge after November 30, 2006 and up to 25% of the loan can be repaid at any time without an early repayment charge.

Last chance for DA aspirants

It says: “We will do our best to deal with DA applications and late AR notifications before Mortgage Day but we cannot compromise the integrity of our scrutiny or that of our decision-making process. “Outstanding applications and notifications should be submitted urgently and firms should make doubly sure that the required forms are complete and […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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