From 31st October 2004 the Financial Services Authority (FSA) started regulating mortgage brokers and lenders to ensure they were offering appropriate advice and not selling a mortgage which wasn't affordable. The basic criteria mortgage brokers and lenders need to meet are: Is the mortgage affordable? Does the mortgage meet the clients needs? Is this the most suitable mortgage for the client? Although many did meet the FSA guidelines there were a lot of others which didn't and sold mortgages to venerable clients who couldn't afford repayments.
All mortgages from 31st October 2004 are covered by the regulations.
Contact us today for a free no obligation Mis Sold Mortgage Consultation
We will never share or sell your email address or phone number.