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Brokers express &#39bitter disappointment&#39 in FSA

Brokers reacted angrily towards the FSA during the Mortgage Expo &#45 stating they are &#39bitterly disappointed&#39 with how the regulatory process is being handled.

During the Expo a number of brokers expressed their frustrations and revealed that they have little confidence in how the FSA is managing the regulatory regime.

Challenging a panel of FSA members, one broker says: “I&#39ve got less than eight weeks to make a decision on what regulatory route to take. All the FSA has given us is ifs and buts. At this stage, we should be given certainties. I&#39m sure you have my name, so I&#39m not too optimistic as to how my application will go now. But I am expressing my bitter disappointment in the FSA.”


L&G extends its trading platform

Legal & General has extended its electronic trading systems for its protection range so that more cases can be processed automatically through the whole new business process. The company has enabled IFAs and business partners using its eProtection Choices range to benefit from an automated underwriting service similar to that of its Online Term Assurance […]

Second charge loans to boom after regulation

The mortgage market could see a proliferation of second charge loans arranged by brokers come regulation, warns BM Solutions. Speaking at the Mortgage Expo seminar on non-conforming loans, Michael Bolton, director of mortgages at BM Solutions, highlighted that this increase could occur as brokers will not have to disclose procuration fees on these deals when […]

Zurich signs deal with Mortgage Brain, Trigold and M2000

Zurich Mortgage Network has signed deals with Mortgage Brain, Trigold and Mortgage 2000 to provide all three sourcing systems to its members. The company says the move will provide members of ZMN with flexibility so as to offer a range of sourcing systems to support its mortgage proposition. Zurich also says the move also enhances […]

SMS raises £3,000 for children&#39s charity Dreamflight

Solent Mortgage Services South-West has raised more than £3,000 for children&#39s charity Dreamflight at their second annual South-West charity dinner. The black tie dinner followed by charity auction was held at the Southgate Hotel in Exeter, and attended by SMS&#39 South-West based employees and mortgage introducers from across the region. Dreamflight, a charity that raises […]


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