Category Archives: Regulations

The End is Nigh – the End of Passports

Not the travelling kind but the financial services kind. As a mortgage broker, this may never have affected you, but since everything in our industry is connected, I thought I'd keep you informed. The European Union has just announced their COVID Passport, allowing European citizens to travel unhindered across its internal borders only if they…
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How to do Unstructured CPD Properly

What does CPD and Pathe News have in common? read on, and I'll explain Firstly get your CPD recording automated. You can download apps to record these or buy a small learning diary to document your learning. CPD is either structured or unstructured - structured is formal learning such as online courses, workshops. Unstructured is…
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Suitability Requirements – Succinctly Explained

Back in the day it used to be called best advice, but everyone kept debating what was best, how can you prove it? After all, I’ve got the best SmartPhone in my household. The FCA have tightened this up considerably, now calls it suitability advice and ensures the proof is in the pudding. The pudding…
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The New Mortgage Execution Only Rules

Some purchases in life involve no advice from the salesperson. Buying a car, employing a builder, purchasing a computer or software. None of these advisers or consultants who sell the products has to legally advise you of the pros and cons and recommend a way forward. In the world of mortgages, all advisers have to…
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Watch out for Open Banking

You may not have heard of the phrase but it’s going to revolutionise lots of aspects of life but most relevant to us, mortgage broking and advising. Imagine being able to look at the current account of a customer if you’re a mortgage lender or broker before they actually apply for a mortgage. Of course,…
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