You can take another look at the week’s news and we’ll round up the most thought-provoking or unmissable comments posted after stories or letters sent straight through to the editor.
Comment any time on the Mortgage Solutions website and you could feature in next week’s Mortgage Mutterings.
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MS Poll: FSA – good, bad or ugly?
Mortgage Solutions | 11 Mar 2011 | 12:13
Mortgage Solutions
My relationship with the FSA is fine. But then it has to be for me to continue in business. This does not mean that I approve of their actions of closing the stable doors, knee jerk reactions, absurd policies, or the ludicrous cost of running their empire. All I ask for is for proof that they are on the same planet as the rest of us.
H Wood
14 Mar 2011 | 12:59
The acid test of the FSA is effective is it? We know it is expensive, unresponsive, self administering and has a remit to rationalise the market. This rationalisation is the extinction of small intermediaries and the concentration of business into large organisations, who can afford the fines. Comparing the situation prior to the advent of the FSA with the present situation, can anyone say that they have been worth a fraction of the cost to the industry or the consumer?
John
15 Mar 2011 | 10:23
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Datamonitor: Mortgage broker incomes still falling
Mortgage Solutions | 14 Mar 2011 | 15:07
Simret Samra
Choosing a mortgage is hardly rocket science. Mortgage brokers may feel that they have earned the right to high incomes having passed a test (CeMap), but in truth they will not survive much longer. Very few members of the public are going to pay a fee for information that they can get themselves within 10 minutes of surfing the web or glancing through the Saturday papers.
Bill Wells
16 Mar 2011 | 17:05
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Direct Line loses £3.4m case against ‘lying’ victim
Mortgage Solutions | 17 Mar 2011 | 08:25
IFAonline
Could this be another reason they don’t appear on any comparison websites? I would expect the FSA to show interest in this case particularly given there stance throughout. Clearly this man has not been treated fairly, the court has vindicated him on both occasions and one can’t even begin to imagine how poor his quality of life is based on the size of the original award.
Duncan Jones
17 Mar 2011 | 10:40
Cheltenham & Gloucester for Intermediaries to close
Mortgage Solutions | 17 Mar 2011 | 13:03
Vicky Hartley
C&G was once the broker’s friend until Lloyd’s marched in and restructured the organisation. Over the past four years it has increasingly become an irrelevance. With Lloyd’s monstrous error in purchasing HBOS, the writing was always on the wall for C&G. I shall miss the relationship I had developed with the old C&G but the new company was cold and virtually unapproachable. I wont’ be sorry to see them go.
Greg Oxenham
18 Mar 2011 | 10:42
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Have a great weekend.
The Mortgage Solutions team
