Mike Green, managing director at Mortgage Brain Ltd (MBL), takes a close look at the FSA's proposed mortgage regulations and the effect these will have on the mortgage industry.
For most intermediaries the codes, 'N2', 'N3' and 'CP98' will strike fear into your lives and send shivers down your spine. If they don't I'm sure they soon will. These codes have become central to debate throughout the mortgage industry for the last few months; perhaps the most notorious is CP98, the code for the FSA's draft Mortgage Sourcebook, a 400 plus page tome setting out the seemingly endless array of rules and guidelines which the FSA is setting in order to bring about the regulation of the mortgage industry. With a whole host of extremely menacing changes in the pipeline, inte...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
