Over the past three years there has been a marked rise in the number of mortgage brokers under the watchful eye of the UK’s financial regulator, the Financial Services Authority, with a rising number of brokers being fined for malpractice and mis-selling. The FSA has been cracking down particularly hard over the past year as a result of the chaos and turbulence that has gripped the financial, mortgage, and housing sectors since the onset of the global credit crunch. (more…)
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