MS Poll result: Nearly 70% dissatisfied with FSA relationship

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In the latest Mortgage Solutions poll an overwhelming majority of brokers (69%) said they would categorise their business relationship with the Financial Services Authority (FSA) as ‘poor'.

A further 12% said that their relationship with the FSA was ‘fair,' 9% said it was ‘satisfactory' and 10% agreed that it was ‘good.' The poll provoked a variety of comments from brokers but David Sheppard, managing director of Perception Finance said that the result was not surprising. He said: "The response is most likely from the back of the latest series of documents from the regulator. Brokers are annoyed because their market has been squeezed from the recession and there has been a lack of clarity over lending practices for self-cert and fast track." He added that the size of ...

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