77% Back IMLA call for a review of MCOB rules

A massive 77% of readers back the Intermediary Mortgage Lenders Association’s call for a review of the Mortgages Conduct of Business rules.

Despite the Financial Services Authority saying last week it has no plans to review MCOB, just 23% of Mortgage Strategy Online readers agree the rules should be left alone. IMLA chairman Tim Dawson called for the FSA to look at ways in which the rules could be simplified and costs reduced.

This week MS asks: Is branching out into lending the future for packagers?