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BBC re-hashes last year&#39s program

The BBC&#39s Wednesday night Panorama program on self-cert mortgages was little more than a re-hash of a similar program it aired in October 2003, many in the industry claim.
London & Country mortgage specialist David Hollingworth says the show did not particularly open any new issues.
He believes the timing of an FSA review into self-cert mortgages “blew the wind out of the BBC&#39s sails” and left the Panorama program void of any real issues or use to the consumer.
The FSA published its review two days before the Panorama program went to air, essentially mitigating the industry from any charges of widespread misselling.
Hollingworth says: “Again brokers have been shown in the type of light that panders to the bad image brokers tend to have in the public eye. The only thing we can hope for is that the program may make for a sharper consumer so that when they come across these cowboys, they will report them.”


The precedent&#39s brain is missing

I was interested to read the comments of Walter Merricks on behalf of the Financial Ombudsman Service complaining about the industry holding contrary views on the issues of consistency in FOS decisions and the right of the FOS to set precedent (Money Marketing, January 22). He says if you want consistency, you must have a […]

Sting in the trail

The year has started with optimism that things will get better as markets become more buoyant. But for the financial services market to seize the opportunities that this optimism brings, it must encourage customer confidence. This is tricky to achieve when customers are asking themselves who they should trust as the FSA fines high-street names. […]

Higher viewings boosting market

Brokers have seen an upturn in activity in the housing market in January with the number of viewings increasing and pushing up house prices. Mortgageforce chief executive Rob Clifford says January saw a slight increase in the average loan size to around £110,000. He says activity levels are higher than they have ever been in […]

Winterthur finds right balance with online tool for IFAs

Winterthur Life is offering a new tool it says will help IFAs maximise their clients&#39 chances of achieving their financial goals. The portfolio balancer, an online portfolio planning and asset allocation program, includes a simulator which helps advisers work out the statistical probability of achieving their clients&#39 goals through stochastic modelling techniques, target asset allocations […]


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