“I have been asked to look at how the economy will affect the housing market, but we could perhaps turn that on its head and ask how the housing market will affect the economy – it is that important”
Jonathan Loynes, chief UK economist at Capital Economics
“If you go as an appointed representative, you will want to make sure the principal can give you a wide enough access to a good level of products”
Jeanette Vass, senior economist at the CML
“You will have to demonstrate you are ready, willing and able to comply with our rulebook”
Tim Howith, manager, high street firms division at the FSA
“The history of appointed representatives has been pretty awful and a lot of firms have had their firms burnt acting as principals”
Richard Fox, head of compliance at MCCB
“We are keen to prevent anything in regulation that prevents the mortgage market from being less competitive, less commercial and less dynamic”
Chris Cummings, director at the AMI
“It would not surprise me at all to see the FSA allowing an employed element to be included within its rules on self-certification”
John Malone, national mortgage manager at PMS
“A minimum of 50%-60% of all business is remortgaging and the consumer has never had it so good. Costs are at an all-time low and lenders will have to find other revenue streams”
John Malone, national mortgage manager at PMS
“More and more lenders will base lending on affordability and published income multiples will be used less and less”
Mehrdad Yousefi, head of intermediary sales at Alliance & Leicester
