View more on these topics

FSA launches &#39Call to Action&#39 campaign

With 362 days to go until the FSA takes over responsibility for mortgage regulation the FSA has launched a &#39Call to Action&#39 campaign for mortgage intermediaries who wish to register for direct authorisation.

The FSA has already put a variety of helpful publications aimed at intermediaries on its website. It has also opened a contact centre which intermediaries can use to register for an application pack and ask questions about the application process.

The Association of Mortgage Intermediaries, Council of Mortgage Lenders and the Intermediary Mortgage Lenders Association will be encouraging intermediaries to register with the contact centre for a copy of the application pack. This will ensure they have their packs in time to qualify for discounts for early registration, and help them understand the application process. For many, the process may prove less daunting than first expected.

The contact centre can be reached via:

• The internet (at www.fsa.org.uk/mgi). This will have an email facility to enable intermediaries to register for application packs and ask questions about the process.

• Telephone: The contact centre number is 0845 605 5525.

In the early days, it is likely that call volumes will be high, so it may be advisable to use the internet option if possible.

AMI, CML and IMLA say that they look forward to working with the FSA to ensure a smooth transition to statutory regulation in October 2004, and hope the FSA will make the application packs available for firms as soon as possible.

Recommended

2

London leads the way with LiveIn Quarters initiative

Another proposed solution to the housing crisis for key workers in London, and one backed by mayor Ken Livingstone, is the LiveIn Quarters initiative. LiveIn Quarters is a company that specialises in modular buildings – flat pack homes designed for single occupancy which can be slotted into disused carparks or playing fields. Apartments, the first […]

Treasury review must not undermine Financial Ombudsman Service

The Financial Services Consumer Panel has warned that the simplicity and accessibility of the Financial Ombudsman Service could be undermined if the Treasury&#39s review ended up adding an appeal system to the current process. The two-year review of the Financial Services and Markets Act 2000 which set up the Financial Ombudsman Service and the Financial […]

Dunfermline staff member to swim with Tinkerbell the shark

Kate Jardine, who runs the back office in Dunfermline&#39s commercial lending department will join Tinkerbell, a 26-stone tiger shark, and friends in the main tank at Deep Sea World to help fundraise for a local charity. Jardine says: “Sharks and my department are quite similar. In both environments, you have to be aware of what […]

Mortgage Advice Bureau signs up estate agent network

Mortgage Advice Bureau has just signed up estate agent network Davis Tate, with seven offices in the Reading area, as part of its expansion plans throughout the south of England. Davis Tate&#39s managing director David Tate says: “Today&#39s estate agent has to offer a comprehensive homebuying and selling service, and that includes guidance on picking […]

Newsletter

News and expert analysis straight to your inbox

Sign up