The article about the FSA clamping down on buy-to-let is interesting.
The FSA has said that although it does not regulate these, it expects regulated mortgage brokers to be fair in all their customer dealings, otherwise they could be considered as unfit to run a regulated brokerage.
As far as giving warnings is concerned, all a broker needs to do is to give the client, at first opportunity, a terms of business letter and the FSA information sheet, with a client signature to say these have been received and explained.
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