It has been reported that the UK’s financial services regulator, the Financial Services Authority, has banned a mortgage broker. The ban was imposed because the broker allegedly failed to prevent mortgage fraud. (more…)
Posts Tagged ‘mortgage broker’
Confidence returns to property market in the UK
Friday, March 12th, 2010Over recent months there have been a number of signs of recovery in the property market, with increasing property prices, a growth in property transactions, easing up of the mortgage markets, and increased interest from would be buyers. (more…)
Lenders pushing more expensive deals
Tuesday, January 19th, 2010A recent report has suggested that lenders may be pushing their more expensive mortgage deals onto consumers, with deals such as short term fixes, which are being pushed by lenders, proving to be costly for consumers. Many lenders are said to be focussing on pushing deals where rates are fixed for two years or less, and which tend to be the most expensive for consumers. (more…)
Cumberland Building Society gets national award
Tuesday, December 15th, 2009The banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things. (more…)
Broker banned and fined by regulator
Sunday, September 6th, 2009Over recent years mortgage fraud has become a big problem in the UK as well as in other countries and the UK’s financial regulator, the Financial Services Authority, has been clamping down on this sort of activity through taking various measures including hefty fines and bans for those industry officials that are found to be involved in mortgage related fraud. (more…)
FSA takes action against broker
Sunday, May 31st, 2009The UK’s financial regulator, the Financial Services Authority, has recently taken action against a mortgage broker that was said to be involved in fraudulent activity. (more…)
£30,000 fine for mortgage broker
Wednesday, October 29th, 2008A mortgage broker from the UK has been fined a massive £30,000 by authorities after being accused of giving advice that put consumers at risk during the ongoing global credit crunch and financial crisis. William John Evans, along with a fellow director from Abbey Mortgages, were fined by the Financial Services Authority earlier this month. The FSA is exercising an ongoing crackdown on unscrupulous lenders and brokers given the current financial climate and the state of the housing and mortgage markets. (more…)
The Benefits of a UK Mortgage Broker
Thursday, February 28th, 2008For most people a mortgage is one of the most important and largest financial commitments that they are likely to take on, and this makes it all the more important to get the right mortgage for your needs as well as your pocket. It is important to remember that there are many different types of mortgages to choose from and this means that, unless you are familiar with mortgage products, the task of actually finding the right mortgage could be a difficult and time consuming one. (more…)
Mortgage brokers banned due to false applications
Monday, February 25th, 2008Over recent months the level of concern over falsified applications put forward to mortgage lenders from brokers has increased in light of the global credit crunch that has swept across the UK from the United States, where it was sparked in the sub-prime sector of the mortgage market. The effect of the credit crunch have increased concerns over brokers falsifying employment and income information on behalf of customers that either do not earn enough realistically to raise a sufficient mortgage or do not have proof of income. (more…)