View more on these topics

eMoneyfacts launches compliance centre for brokers

IFA web portal eMoneyfacts has launched a compliance centre offering help and advice for mortgage brokers preparing for FSA mortgage regulation.

The service, which is free to all Moneyfacts subscribers, includes easy access to an experienced panel of compliance experts. If a broker cannot find the answer to a question on the site or if they want advice, they can email the panel. It says the panel will then suggest practical solutions based on their experience as regulators, compliance officers and compliance consultants.

The eMoneyfacts compliance centre says it provides immediate help and assistance by: explaining which rules apply to the user and how to comply, detailing the straightforward steps to take to comply, explaining what the rules are trying to achieve and supplying useful pro forma documents.The service also offers a Gap Analysis Tool to show where the broker needs to improve their knowledge. A test paper is provided every time from a bank of hundreds of up-to-date questions and is marked automatically to identify gaps in knowledge immediately.

Emma Butler, web editor at eMoneyfacts, says: “With so many challenges being thrown at mortgage brokers this year, we are pleased to be able to offer some practical and valuable help. The mortgage compliance centre is a good example of the &#39above and beyond&#39 nature of what eMoneyfacts offers the broker community.”


Conveyancing arm is rebranded

Sherrards Solicitors, the Hertfordshire-based legal firm has rebranded its volume conveyancing and remortgaging division as &#39Homefast Property Lawyers&#39. Homefast is currently handling some 2000 transactions a month nationwide and provides services to three of the top five estate agency chains in the UK as well as five of the top 10 lenders. It also acts […]

Platform sheds sub-prime image

A boom in buy-to-let and self-cert is changing Platform&#39s traditional reputation as a sub-prime lender. Following Platform Home Loans&#39s merger with buy-to-let and self-cert lender Verso in Febuary last year, applications have boomed from £800m to £3bn completions a year. Although 45% of the total business is still sub-prime, buy-to-let and self-cert now form 30% […]

investors replace pensions with property, reveals PISN

A survey carried out by the Property Investor Show North has revealed that property investors are increasingly relying on bricks and mortar to provide for their future wealth, rather than pensions and savings. Over 80% of landlords responding to the survey stated that they were relying on their buy-to-let properties for their future wealth while […]

Lunch please, but hold the volume override

Just how many freebies and extra services is a principal allowed to tempt you with before it becomes guilty of offering inducements? Does a trip to the races count, or throwing in a free sourcing system as part of your membership package? What about so-called &#39volume overrides&#39, which encourage you to submit a certain amount […]

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


News and expert analysis straight to your inbox

Sign up