A Treating Customers Fairly website has been launched to help brokers get to grips with the Financial Services Authority’s switch to principles-based regulation.The website – a joint venture between Frank Eve, managing director of Frank Eve Consulting, and seven lenders – has the support of the Council of Mortgage Lenders and the Association of Mortgage Intermediaries. Launched last week, www.tcfinfo. co.uk offers tips in plain English, tools and templates that brokers can brand. The website was developed after research among 300 brokers raised concerns about the lack of understanding of TCF. The seven lend- ers offering their support are all from the specialist sector. They are Money Partners, Future Mortgages, Platform, Southern Pacific Mortgage Limited, GE Money Home Lending, Rooftop Mortgages and Freedom Lending. Other lenders have expressed interest in the initiative and are expected to join in the coming months. But BM Solutions has decided not to lend its support to the website. Clare Mortimer, senior press officer at BM Solutions, says: “With so many sources of information on TCF available, this website will have to be succinct to attract time-starved brokers.” The website in-cludes detailed studies on ways to implement TCF procedures into mortgage businesses, together with links to the case study area of the FSA’s website. Sole broker Roy New says: “Anything that helps us understand FSA legislation must be a good thing.” Rob Griffiths, associate director of AMI, says: “Brokers should use all the information available to embed TCF across their businesses.”
Nationwide says house prices grew by 0.3% in June, the third month in a row of subdued growth. The annual house price growth is now at 5% and Nationwide says affordability constraints will continue to bite. Supply constraints will continue to support house pricesFionnuala Earley, group economist at , says: House prices grew by 0.3% […]
Money Partners has made a number of enhancements to its range of Origin-branded mortgages.
After lenders’ exit fees getting a bashing in the media over the past couple of years, the Financial Services Authority has finally decided to give its input. But is it too little, too late?
Business consultancy Conchango is launching a site to guide mortgage practitioners through the solutions offered.Benefits to businesses and those working in the mortgage sector include a eduction of operational costs, acceleration and streamlining of processing and implification of intermediary communication. Many of the benefits for businesses which can be passed onto consumers include reduction of […]
March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]
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