News Details

21 Nov, 2010

More on Mortgages

The FSA has published a further Consultative paper and comments are invited by 25th Feb 2011.

A copy of the paper may be accessed at

- All arrangers and advisers will become a Controlled Function - CF31

- All  arrangers will need to achieve level 3 qualification within 30 months

- further papers expected on commercial loans; BTL, 2nd Charge loans.

- Whole of Market becomes Independent as a label

- if not Independent then you are "Restricted"

- Changes to when Key Facts information provided

For a fuller analysis have a look at our blog article

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