The Financial Services Authority has launched a nationwide crackdown to weed out mortgage brokers who are operating illegally.
Alliance & Leicester has become the latest lender to warn of accuracy and validity issues relating to KFI (key facts illustration) data ahead of this weekend's historic shift in regulation of the mortgage market.
Mortgage introducer MoneyNet has taken the bold step of suspending "a number" of its existing mortgage brokers who might have to stop operating once new regulations comes into force next month.