Frank Eve's Blog
The Financial Services Authority is assisting in this change of behaviour by starting a new broker assessment program that will see every mortgage advisory firm assessed by the FSA.
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...if lenders are taking on responsibility for functions they used to rely on intermediaries to undertake does it negate some of the reasons why lenders like to use intermediaries?
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The FSA’s Mortgage Market Review will change the mortgage market but mortgage intermediaries do have a chance to affect what happens if they choose to get involved in the debate.
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Having now returned from my summer holidays, after an extended break, it seems a good time to review the debate that has been going on over the summer around the FSA’s Mortgage Market Review recommendations on affordability and responsible lending.
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The Regulatory environment has never been more dangerous for the mortgage broker or the intermediary mortgage lender.
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So we now know that the FSA will be scraped in 2012 and as an industry the Mortgage market will have a new regulator and this time it will have the word ‘Consumer’ in the title.
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don’t know about you but when I see land registry figures showing that house prices are now going up by 8.5% per year and the Nationwide house price index saying they are 9% up on a year ago I get that deja vue feeling.
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Since I wrote the blog about people shielding them...
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At last, we now know the colour of the new Government, a sort of blue with a yellow tinge.
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Although the market is in far better shape than it has been for a while and the stock market is booming, there are still a number of issues out there to be solved before we can have any real understanding of what a ‘normal’ mortgage market might be and whether we are experiencing it?
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