The latest research carried out by Pink Home Loans has revealed that 59% of mortgage professional are not thinking about what they need to do to prepare for the end of the year. This is not really surprising given the credit crunch.
As Kay Leslie, network services director at Pink said: “Current challenges facing the mortgage market has led to many intermediaries focusing solely on maintaining income levels rather than what they need to be doing in order to meet December’s TCF deadline. However, there are number of important reasons as to why they should continue to embed TCF principles into their business.”
“I urge any intermediary who is not sure what they need to do to speak to their network, consider joining one, if they are not already a member, or speak to their compliance support provider. More information on the topic can also be found of the FSA’s website. www.fsa.gov.uk”.
