The FSA's current response to the issue of dual-pricing in the mortgage market fails to recognise the role and value of advice for consumers, according to the Association of Mortgage Intermediaries (AMI).
AMI has also criticised the FSA for not considering the wider ramifications of suggesting mortgage intermediaries should send their clients directly to lenders. Following a speech by FSA head of mortgage and credit unions Jonathan Fischel at the Mortgage Expo in Manchester, Chris Cummings, director general of AMI, says: “We are very concerned about the content of Mr Fischel's 'Mortgage Update' speech delivered at Mortgage Business Expo. “In the speech he implied that the FSA were introducing new disclosure requirements solely for independent mortgage intermediaries in the midst of what c...
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