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Regulator's closes mortgage broker
another mortgage broker, coventry-based mr mohammed habib, has been closed down by the financial services authority (fsa) .
since the downturn in the property market started a year ago, mortgage lenders and the financial authoritives have become more worried about the prevalence of fraudulent mortgage applications, often involving dishonest professionals in the property industry .
where we have concerns abought the quality of the mortgage advice given, we will continue to require mortgage brokers to undertake reviews of past business, often at considerable cost to them, to identify and remedy any unsuitable advice, he warned .
itives his part of the regulator's campaign to stop brokers mis-selling mortgages, or submitting fraudulent mortgage applications .
Generated 2008-9-10_12:40
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