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81% Of brokers think MCOB should be reviewed

A massive 81% of Mortgage Strategy Online readers think the Financial Services Authority should review the Mortgage Code of Business.

Last week the Institute of Mortgage Lenders Association called for an urgent rethink, arguing regulation has brought little benefit to consumers despite the extra costs borne by lenders and brokers. Just 19% of brokers believe it should be left as it is.

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Good cover products must not be lumped with the bad

From Steve Clowes In response to the super complaint lodged with the Office of Fair Trading by the Citizens Advice Bureau, as a responsible practitioner in the payment protection market I welcome any independent review that helps the FSA stamp out non-compliant fringe markets and the anti-consumer practices that regrettably occur. But I am concerned […]

OFT: 60% of adverts don’t meet new advertising rules

5{leased data claiming that over 60% of adverts reviewed in its survey did not meet the credit advertising rules introduced on October 31 2004.

Andrew Hagger of Moneyfacts.co.uk says: “Whilst Moneyfacts supports the action that the OFT are…

Burns-Anderson agree equity release terms with Hinton & Wild

Burns-Anderson has agreed terms to refer equity release enquiries to Hinton & Wild (Home Plans) Ltd in a non-exclusive arrangement. Hinton & Wild are specialists in equity release and have advised on plans for elderly homeowners for over 30 years. They were the first ever provider of independent equity release financial advice in the country […]

HBOS in crisis: First Commentary

The dramatic but expected departure of Michael Bolton from HBOS has sent the specialist lending market into a spin.Bolton quit the organisation yesterday morning to join The Oakwood Group, a London-based private equity firm fronted by Future Mortgages founder Mike Culhane, immediately taking with him four other key players: Alan Cleary, director of sales at […]

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