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SUPPORT OUR CAMPAIGN TO BRING DOWN FSA FEES

On May 29 2012 the Financial Services Authority unveiled its annual budget for 2012/2013. This revealed that mortgage intermediaries will see a whopping 9.2% increase in their annual FSA fees.

The rise is down to the fact that brokers aren’t earning as much, meaning the regulator has seen a 10% fall in the income it collects from mortgage brokers.But rather than the regulator reducing its own spending it wants to boost the fees it charges you and your peers.

At Mortgage Strategy we think this is unacceptable and so we have set up our Bring Down FSA Fees campaign.

To voice your support, all you have to do is email Mortgage Strategy’s editor Robert Thickett at robert.thickett@centaur.co.uk, making sure you put ’Bring Down FSA Fees’ in the subject line.

The aim is to present a petition to the FSA to make it think again about the massive bill it has presented to an industry already struggling from the financial crisis it failed to stop.

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