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Comments
Delay
Bearing in mind I have only just downloaded and printed the 118 page document from the FSAs website, I think delaying comment until after we have read it may be wise....
Posted by: Phil Castle
Two tier system
In really don’t understand all this agonising. Is it right to have one adviser fully regulated for advising on a £7,200 ISA and another semi regulated who advised on the purchase of a £500,000 property? In my view we should have full RDR regulation for ALL mortgages, loans and pure life anything less is complete nonsense.
Posted by: harry Katz
FSA Regulated Advisor
About Time the FSA started to focus on the right people the LENDERS we the advisors have had to demonstrate PROOF of our clients incomes for the last 5 years so now maybe the FSA will start treating advisors with more respect. To the LENDERS out there welcome to our world oh and stop calling them FASTRACK. self cert by any interpretation of FSA rules.
Posted by: Geoff Jones
Baron Mandy Mandelson to advise FSA on Self Certified mortgages.
Baron Mandy Mandelson knows all about Self Certified mortgages. Perhaps as Business Secretary and confidant to "Cash" Gordon (father to the FSA) Baron Mandelson was able to advise the FSA on Self Cert Mortgages! You may recall Mr Mandelson failing to disclose the small matter of his constituency property at Hutton Avenue, Hartlepool, or his mortgage on the property, either during the initial discussion with Britannia or at any other time! What did the FSA have to say then? If the FSA plan on a retrospective witch-hunt should Baron Mandy Mandelson be first in line or will "Cash" Gordon have a quite word with the “independent” regulator to lay off his mate?
Posted by: Simon Mansell