Advisers are being urged to air their grievances about mortgage regulation to the House of Lords.
The House of Lords' Constitutional Committee is currently reviewing the constitutional implications of the government's regulatory activities, including that of the FSA.
Though the Committee is seeking responses from the public on questions of accountability, legal foundation and transparency of regulators in general, it is also seeking responses to specific issues. These include how the continuing need for regulators is assessed, membership procedures, clarification of their objectives, and the extent to which regulators achieve their aims without adverse consequences to the industry concerned.
In a letter to Mortgage Strategy, Brian Lentz, an IFA at Hatfield-based The Portfolio Insurance Consultancy and Mortgage Brokers, says: “I strongly suggest that advisers and introducers make a response to the Lords Committee before its March 31 deadline to explain what they see as wrong with regulation. Those opposed to the current proposals must speak out whilst they can.
lSee letters, page 13