Mortgage advisers may have to sit yet more exams

Mortgage advisers and intermediaries may have to sit additional exams, on top of current requirements to pass mortgage rules by the end of this year, says an FSA mortgage sales consultation published this morning. Advisers who pass the MCCB's Fitness and Competence requirements by the end of December will be able to become regulated mortgage intermediaries through 'grandfathering', says CP146 The FSA's approach to regulating mortgage sales. But mortgage advisers still be subjected to "top-up" exams or some other form of assessment to make sure advisers "are familiar with our new r...