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Another Mortgage Broker Banned And Fined

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The FSA’s investigation found the firm’s advisers recommended unsuitable mortgages, with a number of customers sold sub-prime mortgages when prime deals may have been available to them.

The firm also failed to adequately disclose the amount of fees payable by customers, and did not retain adequate records of why it had recommended certain mortgages to particular clients.

That's more like it - no dodgy payslips, just dodgy mortgages.

Many more to follow

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  • 401 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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