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Is mortgage regulation a good thing for consumers?

“No it won’t be.All regulation has done is add to the reams of paperwork that consumers are given and they will not read it but the cost of it will be passed to them.”
Paul Lynas,Paul Lynas Associates

“I don’t think it will make a blind bit of difference. We are just being asked to do in a prescribed manner what any professional adviser does anyway, but now the cost of mortgages will be driven up.”
Rebekah Zoob Kearey, Roundhill Financial Management

“It makes sense to have all the regulation under one roof. I don’t think that consumers will be any better off or worse off.”
Mike Lunan,MJ Lunan

“Looking at the amount of paperwork that we have to do now, I think it is going to add to time and cost. It is a bit of a nonsense.”
Ronald Paterson,Ronald B Paterson & Co.

“Yes, overall, I think they will be. It will give them a clearer idea of what they are paying for and what advice they are getting.”
Clifford Northwood, Tiffanys Independent Financial Services

“No. I think regulation will make good brokers better but will only get rid of a few of the poorer ones.”
Chris Rainbird,Rainbird & Co

“Yes and no – the products will be more expensive but there will be more protection for consumers.”
Nick Crowe,NP Crowe & Associates

“I don’t think it will make much difference to the consumer – it won’t protect them particularly.”
Michael Griffin,Griffin Financial Services

Yes 13%
No 75%
Don’t know 12%


Fidelity hopes for Indian summer

FIDELITY INVESTMENTS Fidelity Funds India Focus Fund Type: Sicav Aim: Growth by investing in Indian companies and companies deriving their income from India Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in Indian companies and companies deriving their income from India Place of registration: Luxemburg Charges:Initial 3.5%, annual 1.5% Commission: Initial 3%, renewal […]

Bristol & West – Guaranteed Portfolio Bond – Issue 1

Type: Capital-protected bond and high-interest savings accountMinimum-maximum investment: 30,000-3mHIGH INTEREST ACCOUNTInterest rate: 7% gross a year Term: Six years Withdrawal penalties: No withdrawals permitted during the termCAPITAL PROTECTED BONDAim: Growth linked to the performance of the FTSE 100 and Halifax House Price indicesTerm: Six yearsReturn: 75% of the growth in each of the FTSE 100 […]

Several lenders&#39 websites not operational says Chilton

Purely Mortgages chief executive Mark Chilton says the main issue on the first day of mortgage regulation has been several lender websites are unavailable. This means KFIs cannot be accessed on-line and KFIs cannot be validated against the lenders&#39 by cross referencing. Also, some lenders are taking longer than usual to answer the telephone and […]

The personal touch

The future of the individual private medical insurance market may hinge on whether individual products are perceived as being less competitive than group PMI.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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