Making house calls.
The government's move to bring mortgages into the FSA's regulatory field has come as a shock to existing lenders. But, it will open up the market to smaller intermediaries offering MPPI cover at competitive prices, says Keith Sankey.
In January of this year, the government announced its intentions tobring mortgages under the Financial Services Authority's regulatory
umbrella. The news was not unexpected and many experts - including those
in the industry as well as consumer groups - considered the proposed
regulation, which focuses on lenders and mortgage products rather than on
the advice process, does not go far enough. The plan is for the FSA to
consult with interested parties towards the end of this year, with full
implemen
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