Small mortgage firms 'need more support'

Responding to the findings of the FSA’s thematic work on the quality of mortgage advice, Patrick Gale, chief executive at Sesame, says it is important the FSA and other large players are constructive and measured in their responses. He believes small directly authorised mortgage firms need help and support, not brickbats. Although it is ultimately up to small directly authorised firms to decide how best to implement advice received from their service company or directly from the FSA, Gale says it is critical the FSA and large service companies “recognise the peril of leaving small firms...