Financial Services Authority | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

Mortgage seekers need rational advice – FSA

Wednesday, December 2nd, 2009

Good mortgage advice will make the mortgage market a safer place to be for consumers, even if that means encouraging homebuyers to be a little more â€˜rationalâ€™ with regard to what they can afford, according to the Financial Services Authority (FSA).

Tags: Equifax, Experian, Financial Services Authority, FSA, Investment Advice Northern Ireland, Investment Bond, Investment Calculator, Investment Strategy, Mortgage, Mortgage Advice, Mortgage Affordability, Mortgages, Pension Advice Northern Ireland, Retirement, Self-Cert Mortgages
Posted in Mortgage News | No Comments »

Good news for buy to let mortgage holders as FSA extends powers

Thursday, November 26th, 2009

Regulation of the buy to let mortgages sector is to be added to the remit of the Financial Services Authority, in a move announced by the Treasury this week.

The Financial Services Authority is also to regulate third parties who buy mortgages from lenders, to provide additional security to mortgage borrowers.

Tags: Buy to let Mortgages, Equifax, Experian, Financial Planning Review, Financial Services Authority, FSA, Home Mortgage, Investment Management Association, Mortgage Lender, Mortgage Loan, Retirement, Self Employed Income Protection, Unemployment Cover
Posted in Mortgage News | No Comments »

Self-employed will still get a mortgage, says FSA

Thursday, November 26th, 2009

Self-employed workers have been assured that new proposals by the Financial Services Authority will not block them from obtaining a mortgage.

â€œThe FSAâ€™s proposals on self-cert mortgages will not block access to the market for the self-employed,â€ said Lesley Titcomb of the FSA this week.

Tags: Equifax, Experian, Financial Services Authority, FSA, Investment Advice Northern Ireland, Investment Management Association, Mortgage, Mortgage Lender, National Savings & Investments, Pension Advice Northern Ireland, Pension Adviser, Repayment Mortgage, Retirement, Self-Cert Mortgages, Self-Certified Mortgage
Posted in Mortgage News | No Comments »

Mortgage lenders under fire from FSA

Wednesday, November 4th, 2009

The Financial Services Authority (FSA) has declared war on unacceptable practices in mortgage lending, with a Â£2.8m fine for GMAC-RFC over what it termed â€˜unfair treatment of customersâ€™. Â GMACâ€™s failings included â€œexcessive and unfairâ€ arrears charges for missed mortgage payments onÂ loans, repayment plans that did not always consider a customerâ€™s circumstances, and moving to repossess [...]

Tags: Equifax, Experian, Financial Advice Derry, Financial Services Authority, FSA, GMAC, Investec, Investment Bond, Investment Management Association, Investment Strategy, Loans, Mortgage Advice, Mortgage Lender, Mortgages, Retirement
Posted in Mortgage News | No Comments »

Mortgage proposals will rein in lenders, end self-certified mortgages

Tuesday, October 27th, 2009

New proposals by the Financial Services AuthorityÂ (FSA) to regulate mortgage lending will requireÂ lendersÂ to refuse mortgageÂ applicationsÂ that are beyond what theÂ homebuyer can reasonably afford. However, the current FSA proposals stop short of imposingÂ limits on the loan-to-value ratios of mortgages, which relate to the size of the mortgageÂ as a percentage of the value of the property, and would [...]

Tags: Equifax, Experian, Financial Services Authority, FSA, Investec, Investment Calculator, Investment Management Association, Investment Strategy, Loans, Mortgage Affordability, Mortgage Lender, Mortgages, Pension Advice Northern Ireland, Pension Adviser, Retirement, Self-Cert Mortgages, Self-Certified Mortgage
Posted in Mortgage News | No Comments »