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Lender helps brokers on road to regulation

Kensington Mortgages is offering a service to help intermediaries prepare for mortgage and general insurance regulation.

The lender, which specialises in non-conforming and impaired-credit cases, plans to issue a series of monthly guides from January to help brokers implement changes ahead of regulation.

Mortgage brokers will be regulated from October 2004 and general insurance brokers from January 2005.

Kensington will provide regular email bulletins of regulatory announcements and is developing additional pages on its website to provide extra information. It plans to run compliance clinics for brokers who are looking for face-to-face advice.

Director of sales Keith Street says: “We believe that, for many, direct authorisation is only possible if a helping hand is on offer. It therefore makes sense for Kensington to share the skills it has with the firms that have supported and continue to support our business.”

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