View more on these topics

Mortgage brokers concerned with paperwork for customers says AMI

Association of Mortgage Intermediaries policy officer Ben Stafford says there are concerns with the amount of paperwork being given to customers.

The single consistent issue being brought up by intermediaries according to Stafford is the consumer may be “weighed down” with paper IDDs, KFIs and additional specific paperwork.

Although Stafford applauds the positive affect this will have on the industry, several brokers have been voicing their concerns.

Stafford says: “It is important for firms to produce the documents and consumers need to know the key components of their mortgages. But is important this is seen as a positive impact on consumers.”

Recommended

FSA cuts mortgage firms&#39 FSCS levy by nearly half

Mortgage intermediaries&#39 contributions to the Financial Services Compensation Scheme will be almost half the amount originally proposed. When statutory mortgage regulation starts next week, mortgage intermediaries will be subject to FSA, Financial Ombudsman Service and FSCS fees, just as IFAs currently are. The FSA says the levy that the FSCS will take from mortgage intermediaries […]

The cost crunch

M-Day will be upon us in under a week and the biggest upheaval seems to have been with the lenders where the changes could mean higher costs and changes in service levels. Figures on just how costly regulation will be after M-Day are providing an insight into just how much of an upheaval regulation has […]

Park Row says lenders should have been more open

Park Row managing director of mortgages Kevin Paterson says lenders should have been more open with their information in the lead up to M-Day. Paterson says sourcing systems are suffering because of the attitude of lenders. Paterson says: “The whole industry should be more open as standard.” Paterson also says Park Row will not be […]

Clerical Medical launches pre A-Day guide for IFAs

Clerical Medical is launching a printed guide to help financial advisers in the run up to, and through the resultant changes of A-Day. Clerical Medical says that with A-Day taking place in April 2006, this is an ideal time for financial advisers to be reviewing their client base to identify customers that may benefit from […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com