NAMBA confident of FSA ear on mortgage reforms

The National Association of Mortgage Brokers and Advisers says that discussions so far with the FSA indicate its response document to CP146, the consultation paper proposing reform of the way mortgages are sold, is being taken seriously and it is fairly confident that its message is getting through. NAMBA, which jointly issued its response together with AIFA, says the key to successful reform is undertaking proper cost/benefit analysis of the proposed new rules. This will ensure that the industry does not flounder in too much red tape that does not actually improve the outcome...