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Broker Talkback

Do you agree with the FSA’s call for greater help from brokers in tackling mortgage fraud?

Yes 88%
No 12%

Yes “IFAs and brokers always need to be on the lookout for suspicious documentation.”

Glyn Hazell, The Clifton Business Consultancy

Yes “If the FSA does its job properly and brokers do theirs, we can tackle mortgage fraud.”

James Studds, MFS Partnership (SW)

No “The majority of small one-man bands are dealing with friends and people they have known for a long time. It is something we have never had any problems with.

Jim Walker, Jim Walker Insurance & Mortgage Services

Yes “It is something that mortgage brokers have already agreed to do as part of their responsibilities.”

Joanne Adrain, Ken Binnie Financial

Yes “It is an automatic process and one that brokers should be doing anyway. With brokers’ help, fraudsters would not even get to the point of even applying for a mortgage. We could stop fraud from the word go.”

Barry Freed, HFC

Yes “Looking for irregularities is what we do, it is our job. Any application that is dodgy or underhand, we say no. The FSA is right to come and talk to us. It is our duty to be fair to the lender as well as the customer.”

Nigel Hunt, Fairway Independent

Yes “I think mortgage fraud has been a blot on the landscape of financial services and fraudsters are putting up the cost for everyone else. The FSA has been far too slow. It should have imagined the worst and gone looking for it.”

David Holmes, Highbrook Associates

Yes “It does not matter if it creates an extra burden for the mortgage brokers, it is the right thing to do.”

Nigel Reeves, Reeves Independent

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