‘The FSA must be disappointed that the discount did not persuade more mortgage firms to apply before March 31st.’ said Jason Rogerson, ADMA’s spokesman. ‘There is still some way to go in making sure that brokers who have applied for direct registration packs are aware of the deadline at the end of April. It is important for the FSA to do what it can to increase the profile of the 30th April deadline. ADMA is trying to convince brokers that direct authorisation is a viable choice for even the smallest firm.’
Rogerson suggests the FSA may wish to consider a final deadline warning email to all firms who still have packs outstanding.
He added ‘ADMA can help brokers complete their applications in time for the end of April by going to the ADMA website (www.admaltd.co.uk) and downloading from the extensive notes available.’
