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FOS throws itself open to questions from brokers

By law, mortgage intermediaries will be covered by FOS from October 31 when Financial Services Authority regulation is introduced, while insurance brokers will be covered from January 14 next year.

Each event begins at 10.50am. There will be a presentation at 11am, lasting approximately 50 minutes, followed by an informal question and answer session.

The FOS says there is no need to book ahead as intermediaries can just turn up on the day at the venue that is most convenient for them.

The events start in Peterborough on October 5 and finish in Oxford on December 15.


The Mortgage Mole

OLD SALTS Ah, a life on the ocean wave and MS&#39s annual fishing trip proved once more that the industry&#39s finest have the stomach for it. “I can&#39t believe no one was sick,” Pink&#39s Dev Malle told Mole. “Who in their right mind would go out the night before an 8.30am start, get blind drunk […]

MGM receives final authorisation

Stephen Maskens, manager of MGM Home Finance, says: “This is excellent news and testament to the importance and hard work MGM placed on working within the new regulatory regime. “We look forward now to working closely with our appointed representatives with no further steps necessary to operate in the new mortgage market.”

XIT2 predicts chronic shortage of surveyors

The survey of lenders, intermediaries, estate agents, surveyors and solicitors predicts a chronic shortfall with only 3% thinking there will be enough surveyors to handle the increased workload created by HIPs. Paul Duckworth, xit2 managing director, says: “These results will force the market to sit up and take notice. In an already overstretched industry this […]

HSBC widens reach of Islamic home loans

The bank expects to sign up some 50 IFAs and brokers after receiving a steady stream of requests. It is currently meeting up with intermediaries who have been in contact over the last 12 months and is hoping to achieve a geographical spread across key Muslim areas. The bank will pay commission based on a […]


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