"The Easy Way to Get Your Best UK Mortgage"



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Mortgage Guide
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Finding your Mortgage

The Mortgage Code

Until the Financial Services Authority took over regulation of mortgage brokers the only thing to really guarantee any consumer confidence was a voluntary, informal system of regulation by firms involved with mortgages called the Mortgage Code.

It involves a pledge to protect the UK mortgage buyer by explaining all the relevant issues etc.

It was run by the Mortgage Code Compliance Board, which could fine and/or expel brokers who broke its standards.

Over 40,000 UK mortgage brokers signed up to the Mortgage Code but there was criticism that it could be too easily abused by the unscrupulous.

Since January 2003 anyone selling mortgages needs to have taken an exam and be "CEMAP qualified".

For further details, or if you're suspicious about anyone, contact the regulator, the Financial Services Authority Tel 0845 606 1234.



To read more on this subject please see the list below or your mortgage guide or your home buying guide

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Value of Property £  
(eg 125000)
Borrow How Much? £
(eg 92500)
Your Mortgage Type
 
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