Premier Mortgage Solutions md John Malone says the industry should take the positive view on regulation.
He says anything that promotes such a big change is bound to create some problems – especially with the new technology systems. Malone says the market looks as if it is slowing down and the lenders and inermediaries will not be doing the same volumes.
Malone also says the FSA “has not been wonderful in assisting the market to transactt business.”
Malone says: “Some of the youngsters haven't seen a change like this. But I have seen it all before and I am going to be optimistic for Monday.”