Q4 has seen a considerable increase in prevented fraud volumes in comparison to the rest of the year. The Stamp Duty holiday has certainly driven an increase in application volumes for FTB and home movers. It is these types of application that tend to lead to more staged income due to clients looking to secure a purchase.
HSBC Provide guidance on some increasing areas of fraud Read More »
The FCA expect firms to treat customers fairly, and to exercise particular care with vulnerable consumers. When consumers are in vulnerable circumstances, it may affect the way that they engage with financial services. In order to identify vulnerable customers, four questions have been added to the Applicant(s) details on OMS which must be completed.
The FCA have made it a requirement that firms clearly disclose the nature of commission or remuneration they receive from lenders and product providers. This requirement takes effect immediately and we have revised the Terms of Business document to reflect this new rule. We have also provided the appropriate text for you to include in the Terms and Conditions on your website.
REMINDER (1) REVISED TERMS OF BUSINESS TEMPLATE & (2) COMMISSION DISCLOSURE FOR WEBSITE Read More »
We regularly assist Mortgage Brokers with improving their advice process, so thought that we would produce a general guide to assist firms and Advisers on what should be taken into consideration to improve files…
Regulation – Good and Bad practices when advising Read More »
The FCA have made it a requirement that firms clearly disclose the nature of commission or remuneration they receive from lenders and product providers. This requirement takes effect immediately and we have revised the Terms of Business document to reflect this new rule. We have also provided the appropriate text for you to include in the Terms and Conditions on your website.
(1) REVISED TERMS OF BUSINESS TEMPLATE & (2) COMMISSION DISCLOSURE FOR WEBSITE Read More »
With the stamp duty incentive deadline fast approaching and no immediate sign that it will be extended, we have developed a disclaimer to protect yourselves from a client complaint if the deadline is missed.
STAMP DUTY Disclaimer template Read More »
For those who were on Kevins kick-off meeting yesterday with Tipton, you will have also heard the launch of the changes to the network member commissions.
Update to Network adviser commissions Read More »
– COMING SOON – We’re continuing to improve our service to you.
Compliance Updates Read More »
