Following the FSA Mortgage Sector Conference last week, the Association of Mortgage Intermediaries (AMI) has launched a consultation paper on the future of mortgage regulation.
Mortgage brokers reacted strongly to the FSA's comments at the conference that it is considering an RDR-style review of the way they are remunerated, following concerns over commission bias. The FSA plans to release its proposals for the mortgage market in September but the AMI is eager for intermediaries to have their say before then. It is calling on the brokers to respond to its questionnaire and submit their proposals for the regulation of the mortgage market. In addition, AMI has provided a summary paper outlining some of the key issues facing the mortgage market. Responses receive...
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