Intermediaries are now able to give the FSA their thoughts on CP146 quickly and easily - thanks to a response “template” that went live on the Mortgage Strategy website today.
The Mortgage Strategy response is the culmination of weeks of regulatory news and expert analysis.
The template talks brokers through each of the 35 questions the FSA raises at the end of its consultation on mortgage regulation, and suggests a response to each.
Brokers have already welcomed the template as a quick and easy way to identify and respond to the main points of CP146.
Rob Clifford, director of mortgageforce, says: “This is a fantastic idea. The typical small broker barely has time to read CP146, let alone respond to it.
And Alison Cooley, PR manager at Charcol, says: “There is a concern that the voices of smaller brokers with less resources will not be heard.
“Anything that makes it easier for more intermediaries to give the FSA their views clearly has to be welcomed.”
The CP146 consultation closes one week from today on November 11.
Clifford adds: “In a sense the Mortgage Strategy template is more beneficial than a single voice from a trade body anyway, in that small practices can customise the response to voice their particular concerns.”
To download your copy of the response simply click on the mortgage regulation link on the right hand side.