The Association of Mortgage Intermediaries is warning its members they have until midnight on 31st March to lodge their applications for regulatory approval or lose out on discounted application fees.
That could cost mortgage intermediaries a minimum of £600, the association says, as the costs of an electronic application jump to £1,100 from £500. For paper-based applications the increase is steeper still; the increase is £700 to £1,200. Beyond the March deadline, intermediaries have in any case only until the end of April to lodge their applications or risk losing the FSA guarantee of a decision in time for Mortgage Day, 31 October. Go to the FSA website for mortgage and general insurance intermediaries to obtain more information. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
