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Regulation continues to fox brokers

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  • 26/03/2002
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Issues surrounding regulation, training and mortgage protection are the areas weighing heaviest on m...

Issues surrounding regulation, training and mortgage protection are the areas weighing heaviest on mortgage advisers’ minds, according to the results of a survey conducted by Mortgage Solutions, writes Kirstie Redford.

Of the readers surveyed, the most important issue was regulation, followed closely by training and mortgage protection.

Readers were also asked which sectors of business they considered to be the main growth areas. Buy to let and remortgaging came out top, with over 20% of respondents favouring each area.

Protection was also named as a current growth area, with just under 10% of respondents putting it top of their list. When asked whether they were planning to diversify into new products or lines of business this year, most respondents said they were not.

According to Andy Frankish, business development manager at Mortgage Talk, most advisers would agree regulation is the current main area of concern.

‘Forthcoming regulation is a big worry for everyone. The consequences of being in breech of regulation are simple ‘ you cannot operate anymore. That is bound to concern every adviser,’ he said.


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