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But what of the costs?

From David Ginivan

The proposals contained in CP146 will have some implications for all organisations in mortgage lending, mortgage administration, advising and arranging on regulated mortgage contracts. Because we operate in a number of markets through the building society and its subsidiary companies, Platform Home Loans and Verso, this consultation paper will have different implications for us across the group. The Britannia Building Society group welcomes the FSA&#39s aims to maintain efficient, orderly and clean financial markets so consumers achieve a fairer deal. We hope that any regulation will help keep a level playing field in the marketplace, which is essential. Clearly the cost of regulation remains of concern to us and we will need to examine the benefits of the new proposals.

David Ginivan

Britannia Building Society

Leek

Staffs

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