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Packager AToM announces application for principal status

Distribution and packaging specialist All Types of Mortgages has announced that it will apply for principal status under mortgage regulation. It is also launching into lifetime mortgages. The company says it is different from the multitude of others who have announced they will take principal status because it is reinforcing that there is no need to enter into a contract with it just yet.

Managing director Vic Jannels says: “The full terms of FSA regulation are not yet known and so I would recommend that whilst there is a need to understand the implications of regulation, there is no need to enter into potentially extreme contracts at this stage.”

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