In light of the move to FCA regulation, we have been working on some major system changes to better protect our business, your business and your client’s interests. However, it is difficult to second guess what introducing brokers want.
Credit firms need to do more to ensure their adverts and promotions do not mislead potential customers, says the FCA after their research found that one in five adverts from consumer credit firms fell short of their financial promotions expectations.
Finsec recently announced that all new loans would be available on fixed rate terms for the full term of the loan.
Shawbrook’s Secured Lending division is delighted to welcome Claire Rankin and Paula Purdy to the team. They join at a time when the market is undergoing rapid growth, as second charge mortgages increase in popularity, being recognised as an alternative to a remortgage by both brokers and their clients.
The transfer of regulation from the OFT to the FCA has been and gone. With the exception of a ‘small’ debate unfolding in regard to the relevant categories a second charge master broker or mortgage broker should hold if they are involved in consolidating debt – its business as usual.
After the recent furore surrounding the most widespread computer hack crisis in history, UK consumers are being urged to remain alert to the threat of online fraud.