Industry doubts MoJ can clampdown on bogus CMCs
These people have been cutting and pasting endowment complaints for a decade or so. The MoJ claim that they were not aware of this.
Mortgage brokers are now getting the fallout from lump sum PPI claims that are nothing to do with us, to be shortly followed by fictional mortgage complaints.
I sincerely hope it doesn’t take another decade to snuff out these unlawful activities. The MoJ need to wake up and smell the coffee. False claims are nothing short of fraud!
Stuart Rae Duncan
28 Jun 2012 | 16:15
FSA strips permissions from mortgage broker
I’m not defending or excusing this chap whatsoever. I just think the FSA’s statement should apply equally to Barclays and any other institution found guilty of acting in a similar vein. Can’t see FSA removing Barclays permissions though, can you?
Matt
29 Jun 2012 | 12:49
Metro Bank to pilot selling mortgages through brokers
“Well done to John Charcol for finding a new bank that’s actually prepared to lend, with quality underwriting, that hasn’t been tainted by umpteen scandals, and nor have they had to be bailed out by us good old taxpayers!
Cynical Broker
29 Jun 2012 | 13:08
Halifax to refund valuation costs for failed house purchases
This is an impressive move by the Lloyds Banking Group and alleviates much of the frustration experienced when buyers lose the property through no fault of their own.
As brokers, it is important not just to advise clients on rate, but also on these type of factors as such a built in insurance and assurance, can mean this type of product is more suitable to certain purchasers needs.
A real innovation and market first. Well done Halifax/Lloyds!
Rob Killeen
25 Jun 2012 | 14:19
Will the supermarkets sweep up on mortgages?
There should be some degree of law. Supermarkets are becoming so big, they are destroying masses of businesses, family run businesses and local high street businesses.
They should be restricted to sell food and food only. They are getting too big for their boots and steamroller the councils to letting them have their stores in lieu of a new roundabout or a nice new police station building.
There is only one word for this type of business – damaging. When the penny drops, it will be too late.
KS
26 Jun 2012 | 18:05
Thanks for all your comments this week
