L&G begins largest ever adviser survey

Legal & General has issued its largest ever Mortgage Club survey to seek the views of over 7,500 mortgage advisers on the performance of lenders and the major issues affecting their livelihood.

The annual survey will canvass reaction to the FSA&#39s proposals for mortgage regulation as outlined in CP146.

Stephen Smith, director of housing marketing, says: “By October 2004, the date when the new rules take effect, all mortgage advisers will have to operate new working practices to encompass greater disclosure and they will have to review their status.”

He adds: “It is in everybody&#39s interest to see a smooth transition from the current successful MCCB regime to the new FSA arrangements. We will be working to ensure that mortgage advisers who are members of the Mortgage Club are kept well informed about their choices so they can make appropriate decisions about their futures.”

The survey findings will provide information about trends in the mortgage market and about working practices among mortgage advisers.