As
from October 2004 the Financial Services Authority (FSA)
took over the regulation of Mortgage Brokers. This was
part of the general shake up in UK financial services
following the various scandals that arose from allowing
the “professionals” to police themselves.
All
Mortgage Brokers must either be authorised by the FSA
to provide mortgage advice or be appointed representatives
of an authorised firm.
Note
that if you take mortgage advice from a firm or individual
that is not authorised, you will not have access to
compensation or redress from the Financial Ombudsman
Service (see below
Complaining
about Mortgage Brokers) if the advice you
are given is unsuitable or inaccurate.
Read
enough? Just want a quote? To get
your best mortgage quote quickly and easily we can
put you in contact with a recommended mortgage adviser. It's free,
completely confidential and there's no obligation at all. Simply
fill out the form below
