Brokers feel good about mortgage regulation - survey

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A roadshow questionnaire put to mortgage brokers in September suggests most are happy with new regulations, says Intelligent Finance.

With a survey sample of about 1,000 answers, IF says 61% were positive to the pending changes – which have since gone through on M-Day. However, more than a quarter of brokers in the North (28%) and Midlands (26%) said they believed regulation would make no difference to their businesses. On a nationwide basis, just 13% of brokers believed the changes would have a negative impact. Regulation took top spot as the biggest problem facing the mortgage broking business, followed by the search for new business and cash flow. At the time the research was conducted, some 30% of brokers...

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