Mortgage broker banned and fined £129k by FSA

Sadia Nasir, director of Ilford-based London Mortgage and Financial Services, which traded as House of Finance, also submitted seven false mortgage applications and withheld information from FSA investigators about a County Court Judgment (CCJ) made against her in 2005. It is the first time the FSA has both banned and fined a mortgage broker for fraud and it says the six-figure sum is a message to potential future mortgage fraudsters. Margaret Cole, director of enforcement at the FSA, says: “Ms Nasir’s actions were particularly serious and blatant, and she poses an immediate risk to lende...