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Sidcup mortgage broker loses OFT CCL appeal

A Sidcup mortgage broker has lost an appeal against a decision by the Office of Fair Trading to revoke his consumer credit licence.

The OFT’s original decision was based on the fact that Stewart Williams, who trades as S & J Consultants, was convicted in July 2000 of a number of offences involving dishonesty, including obtaining money transfers by deception in the course of his business.

The Secretary of State appointed an independent tribunal to hear the appeal and a public hearing was held on April 25 2005.

The tribunal found that the offences committed by Mr Williams were serious and showed a pattern of dishonesty.


“I’m in mortgages for the long run”

Q: How will a career in the mortgage industry differ from a career in television? A: “In showbiz, a lot of work is project-based. Doing a series of one-off projects leads to short, intense relationships with people. With Earth, while no less intense, I am in it for the long run. Projects have a longer […]

Clients display new-found caution

The news that fixed rates now make up 50% of new mortgages is welcome. The good news is that fixed rates offer clients stability in managing their monthly budgets by ironing out the peaks and troughs of the SVR. This is not exactly rocket science, as they say.

The FSA keeps its promise to brokers

The Financial Services Authority is sticking to its commitment to be open with the industry about how it feels brokers and lenders are coping with statutory regulation. Less than a year since Mortgage Day, FSA managing director of retail markets, Clive Briault, has written an article for Mortgage Strategy on progress to date. The full […]


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