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32% of brokers to cancel permissions at end of March

A poll of some 1,000 Mortgage Strategy Online readers has found that 32% are looking to cancel their Financial Services Authority permissions on March 31.

While the majority, 68%, responded that they were looking to retain their permissions with the FSA, the fact that 320 brokers are looking to exit the market is a worrying sign.

Robert Sinclair, director of the Association of Mortgage Intermediaries says the results are in line with its own expectations.

He says: “We estimated that around 40% of brokers would leave the market. We had 769 firms leave in Q4 last year and always knew this quarter would be the worst with some firms not wanting to pay their fees.

“However, just because they say they are going to leave the market it does not necessarily mean they will.”


BDS optimistic as applications rise

BDS Mortgage Group says there is still mileage in the packaging market, as the firm reported a rise in enquiries and packaged applications for February.

MPC unanimous on £75bn asset purchase

The Monetary Policy Committee voted unanimously in favour of both the £75bn Asset Purchase Facility and the 0.5% base rate reduction, committee minutes reveal.

Helpucover sees boom in protection sales

Helpucover has seen a 69% increase in the rate of sales for its income protection and mortgage payment protection insurance products in the first two months of 2009 compared to the second half of 2008.

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


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