Mortgage broker banned for inadequate controls

Grosvenor Mortgage Advice Centre's permission has also been cancelled. The regulator says the firm was at risk of being used for financial crime, particularly mortgage fraud, and customers of the firm were exposed to the risk of receiving unsuitable advice on mortgage contracts. Customers were exposed to the risk of receiving unsuitable advice, lenders to the risk of making loans on the basis of inaccurate information due to his actions. He also did not have a process for obtaining evidence of customers' income. Adequate checks were not carried out to ensure that information provid...