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Pink calls for lender code to cover transition period

The Lichfield-based mortgage distributor has called for the Council of Mortgage Lenders or the Intermediary Mortgage Lenders Association to issue a clear code of practice as lenders adapt to the changes that will take place.

Dev Malle, associate director at Pink, says: “Many lenders have their own processes in place making this a confusing time for intermediaries.

“It is this ambiguity that could lead to differing interpretations – something which could end up impacting on the consumer.”

The aim of FSA regulation is to protect the consumer and Malle fears this is being jeopardised by the current confusion.

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Apple: a stellar technology story

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