The vast majority of IFAs are confident they can continue as independent mortgage advisers after M-Day, with 82 per cent saying they intend to do so.
Forty-seven per cent of IFAs say they will take the network route while 40 per cent say they prefer to be directly authorised.
Seventy-five per cent want buy-to-let mortgages to be regulated and 58 per cent believe that mortgage regulation in general will be of benefit to consumers. Ninety-one per cent support the regulation of equity-release schemes.
Almary Green Investments director Carl Lamb says: “It is a case of wait and see with regulation. Once the confusion dies down, we will be assessing our position.”
Drew Folland Financial Management principal Drew Folland says: “Regulation is definitely a good thing. Things need to be tightly monitored and we need consumer confidence. We do not need people making money off the back off people's misery.”