Brokers confident about TCF

Eight out of 10 brokers think they will have TCF embedded into their business and be able to prove it by the end of 2008, reveals a survey by Pink Home Loans.

Some 9% think they will not have it embedded in time and 9% are not sure whether they will or won’t.

Kay Leslie, network services director of Pink, says: “This is a big increase considering that in June we reported that 59% of brokers were not even thinking about what they needed to do to prepare for the December deadline.

“I’m pleased to see that so many intermediaries think they will meet the deadline, but it is clear however, that nearly 1 in five brokers still need help and advice as to what they should be doing to ensure they will be fully complying with the FSA’s six customer outcomes by the end of the year. I encourage these brokers to source help as soon as possible as the deadline is now only just over three months away.”