Corporate Training Partnerships (CTP) has set up a website, Mortgage Compliance Partner, to provide help with the Financial Services Authority (FSA) regulatory rules.
The site, www.ctp.uk.com, contains a summary of rules affecting brokers, an explanation of what the rules are trying to prevent, what actions can be taken to become compliant, links to documents on the FSA website, and template documents.
Jayne Owen, chief executive of CTP, said: “During the past year we have been working through the huge volumes of FSA documentation as its approach to mortgage regulation has developed. Brokers have told us that they simply do not have time to go through this for themselves. The feedback gained at our open training courses has enabled us to design a website that can give brokers something genuinely useful, 24 hours a day, at a reasonable cost.”
Subscription to the website costs £500 plus VAT per firm per annum, with a donation of £50 going to the Princess Royal Trust for each subscription made.
The website is being officially launched at The Mortgage Business Expo this week.